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Smithfield Foods ( SFD ) stock rose Monday after the pork producer announced that it had been added to the Russell 1000 Index .

Smithfield officially joined the index after the bell Friday as part of its quarterly addition of eligible recent initial public offerings (IPOs) . Smithfield went public in January, returning to the markets for the first time since it was taken private by China's WH Group in 2013.

The Russell 1000 Index, part of the larger Russell 3000 Index , tracks the 1,000 companies with the largest market capitalizations in the U.S. markets.

"Being part of the Russell 1000 will help increase our visibility among institutional investors and help solidify our position as a leader in the consumer staples sector," Smithfield CEO Shane Smith said in a statement.

The pork producer is set to provide its first quarterly earnings report since becoming a public company again before the market opens Tuesday. In a regulatory filing ahead of its January IPO , the company said it expected to report net income of $195 million to $223 million on sales of $3.87 billion to $3.95 billion for the three months ended Dec. 29, compared with a net loss of $131 million on $4.00 billion in sales a year earlier.

Smithfield shares were up more than 3% Monday, just above where they ended their first day of trading .

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