NEW YORK, July 6, 2015 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices after the close of trading on Wednesday, July 8:
- S&P MidCap 400 constituent Advance Auto Parts Inc. (NYSE:AAP) will replace Family Dollar Stores Inc. (NYSE:FDO) in the S&P 500, S&P SmallCap 600 constituent Jack in the Box Inc. (NASD:JACK) will replace Advance Auto Parts in the S&P MidCap 400, and Northfield Bancorp Inc. (NASD:NFBK) will replace Jack in the Box in the S&P SmallCap 600. S&P 500 constituent Dollar Tree Inc. (NASD:DLTR) is acquiring Family Dollar Stores in a transaction that was completed today.
- S&P SmallCap 600 constituent West Pharmaceutical Services Inc. (NYSE: WST) will replace Advent Software Inc. (NASD:ADVS) in the S&P MidCap 400, and Constant Contact Inc. (NASD:CTCT) will replace West Pharmaceutical Services in the S&P SmallCap 600. SS&C Technologies Holdings Inc. (NASD:SSNC) is acquiring Advent Software in a transaction expected to be completed soon.
Advance Auto Parts operates as a specialty retailer of automotive replacement parts, accessories, batteries, and maintenance items. Headquartered in Roanoke, VA, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Automotive Retail Sub-Industry index.
Jack in the Box operates and franchises Jack in the Box quick-service restaurants and Qdoba Mexican Grill fast-casual restaurants. Headquartered in San Diego, CA, the company will be added to the S&P MidCap 400 GICS Restaurants Sub-Industry index.
Northfield Bancorp offers banking products and services. Headquartered in Woodbridge, NJ, the company will be added to the S&P SmallCap 600 GICS Thrifts & Mortgage Finance Sub-Industry index.
West Pharmaceutical Services develops, manufactures, and sells components and systems for the packaging and delivery of injectable drugs, as well as delivery system components for the pharmaceutical, healthcare, and consumer products industries. Headquartered in Exton, PA, the company will be added to the S&P MidCap 400 Health Care Supplies Sub-Industry index.
Constant Contact provides online marketing tools. Headquartered in Waltham, MA, the company will be added to the S&P SmallCap 600 Internet Software & Services Sub-Industry index.
Following is a summary of the changes:
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S&P 500 INDEX – July 8, 2015
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COMPANY
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GICS ECONOMIC SECTOR
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GICS SUB-INDUSTRY
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ADDED
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Advance Auto Parts
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Consumer Discretionary
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Automotive Retail
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DELETED
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Family Dollar Stores
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Consumer Discretionary
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General Merchandise Stores
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S&P MIDCAP 400 INDEX – July 8, 2015
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|
COMPANY
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GICS ECONOMIC SECTOR
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GICS SUB-INDUSTRY
|
|
ADDED
|
Jack in the Box
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Consumer Discretionary
|
Restaurants
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West Pharmaceutical Services
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Health Care
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Health Care Supplies
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DELETED
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Advance Auto Parts
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Consumer Discretionary
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Automotive Retail
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Advent Software
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Information Technology
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Application Software
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S&P SMALLCAP 600 INDEX – July 8, 2015
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|
COMPANY
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GICS ECONOMIC SECTOR
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GICS SUB-INDUSTRY
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ADDED
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Northfield Bancorp
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Financials
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Thrifts & Mortgage Finance
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Constant Contact
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Information Technology
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Internet Software & Services
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DELETED
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Jack in the Box
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Consumer Discretionary
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Restaurants
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West Pharmaceutical Services
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Health Care
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Health Care Supplies
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Additions to and deletions from S&P Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.
About S&P Dow Jones Indices
S&P Dow Jones Indices LLC, a part of McGraw Hill Financial, is the world's largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of investors. More assets are invested in products based upon our indices than any other provider in the world. With over 1,000,000 indices covering a wide range of asset classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.
S&P® is a registered trademark of Standard & Poor's Financial Services LLC ("S&P"), a part of McGraw Hill Financial. Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). These trademarks have been licensed to S&P Dow Jones Indices LLC. It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, S&P and their respective affiliates (collectively "S&P Dow Jones Indices") do not sponsor, endorse, sell, or promote any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices does not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.
For more information:
David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
(+) 212 438 3907
david.blitzer@spdji.com
David R. Guarino
Communications
S&P Dow Jones Indices
(+1) 212 438 1471
dave.guarino@spdji.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/advance-auto-parts-set-to-join-the-sp-500-jack-in-the-box-west-pharmaceutical-services-to-join-sp-midcap-400-northfield-bancorp-constant-contact-to-join-sp-smallcap-600-300109244.html
SOURCE S&P Dow Jones Indices