DES MOINES, Iowa (AP) — Iowa’s 21 publicly-traded companies had a great year in the market.
The Des Moines Register (http://dmreg.co/1dUnN9B ) reports that share prices for all 21 companies went up in 2013 and all but four of them beat the Dow Jones industrial average, which had its best year since 1995.
If an investor owned equal shares of all 21 stocks, a portfolio would have seen a 38 percent increase.
The companies that showed growth included American Equity Investment Life of West Des Moines, a seller of annuities. Its shares have risen almost 300 percent in five years.
Another was the Renewable Energy Group, the nation’s biggest biodiesel producer. The company had a great comeback in 2013, after its stock fell almost 40 percent during in 2012.
Information from: The Des Moines Register, http://www.desmoinesregister.com