NEW YORK, Sept. 8, 2017 /PRNewswire/ -- S&P Dow Jones
Indices will make the following changes to the S&P 500, S&P MidCap 400 & S&P SmallCap 600 indices:
- S&P MidCap 400 constituent Cadence Design Systems Inc. (NASD: CDNS) will replace Staples Inc. (NASD: SPLS) in the
S&P 500, S&P SmallCap 600 constituent ILG Inc. (NASD: ILG) will replace Cadence Design Systems in the S&P MidCap
400, and Meta Financial Group Inc. (NASD: CASH) will replace ILG in the S&P SmallCap 600 effective prior to the open on
Monday, September 18. Sycamore Partners is acquiring Staples in a deal expected to be completed
soon pending final conditions.
- S&P SmallCap 600 constituent The Brink's Co. (NYSE: BCO) will replace VCA Inc. (NASD: WOOF) in the S&P MidCap 400,
and ARMOUR Residential REIT Inc. (NYSE: ARR) will replace Brink's in the S&P SmallCap 600
effective prior to the open on Monday, September 18. Mars Inc. is acquiring VCA in a deal
expected to be completed soon.
- Callon Petroleum Company Inc. (NYSE: CPE) will replace WebMD Health Corp. (NASD: WBMD) in the S&P MidCap 400 effective
prior to the open on Monday, September 18. KKR Inc. is acquiring WebMD Health in a deal expected
to be completed soon pending final conditions.
- Whitestone REIT (NYSE: WSR) will replace CDI Corp. (NYSE: CDI) in the S&P SmallCap 600 effective prior to the open on
Wednesday, September 13. AE Industrial Partners LLC is acquiring CDI in a deal expected to be
completed on or about that date pending final conditions.
Cadence Design Systems provides electronic design automation software, emulation and prototyping hardware, system
interconnect, and analysis. Headquartered in San Jose, CA, the company will be added to the
S&P 500 GICS (Global Industry Classification Standard) Application Software Sub-Industry index.
ILG provides professional vacation services. Headquartered in Miami, FL, the company
will be added to the S&P MidCap 400 GICS Hotels, Resorts & Cruise Lines Sub-Industry index.
Meta Financial Group offers various banking products and services. Headquartered in Sioux Falls,
SD, the company will be added to the S&P SmallCap 600 GICS Thrifts & Mortgage Finance Sub-Industry index.
The Brink's Company provides secure transportation, cash management services, and other security-related services.
Headquartered in Richmond, VA, the company will be added to the S&P MidCap 400 GICS Security
& Alarm Services Sub-Industry index.
ARMOUR Residential REIT invests in residential mortgage backed securities. Headquartered in
Vero Beach, FL, the company will be added to the S&P SmallCap 600 GICS Mortgage REITs
Sub-Industry index.
Callon Petroleum acquires, explores for, develops, and produces oil and natural gas properties. Headquartered in Natchez, MS, the company will be added to the S&P MidCap 400 GICS Oil & Gas Exploration &
Production Sub-Industry index.
Whitestone REIT is an equity real estate investment trust that owns and operates commercial properties. Headquartered in
Houston, TX, the company will be added to the S&P SmallCap 600 GICS Retail REITs
Sub-Industry index.
Following is a summary of the changes:
|
S&P SMALLCAP 600 INDEX – September 13, 2017
|
|
COMPANY
|
GICS ECONOMIC SECTOR
|
GICS SUB-INDUSTRY
|
|
ADDED
|
Whitestone REIT
|
Real Estate
|
Retail REITs
|
|
DELETED
|
CDI
|
Industrials
|
Human Resource & Employment Services
|
|
S&P 500 INDEX – September 18, 2017
|
|
COMPANY
|
GICS ECONOMIC SECTOR
|
GICS SUB-INDUSTRY
|
|
ADDED
|
Cadence Design Systems
|
Information Technology
|
Application Software
|
|
DELETED
|
Staples
|
Consumer Discretionary
|
Specialty Stores
|
|
S&P MIDCAP 400 INDEX – September 18, 2017
|
|
COMPANY
|
GICS ECONOMIC SECTOR
|
GICS SUB-INDUSTRY
|
|
ADDED
|
ILG
|
Consumer Discretionary
|
Hotels, Resorts & Cruise Lines
|
|
The Brink's Co.
|
Industrials
|
Security & Alarm Services
|
|
Callon Petroleum
|
Energy
|
Oil & Gas Exploration & Production
|
|
DELETED
|
Cadence Design Systems
|
Information Technology
|
Application Software
|
|
VCA
|
Health Care
|
Health Care Facilities
|
|
WebMD Health
|
Information Technology
|
Internet Software & Services
|
|
S&P SMALLCAP 600 INDEX – September 18, 2017
|
|
COMPANY
|
GICS ECONOMIC SECTOR
|
GICS SUB-INDUSTRY
|
|
ADDED
|
Meta Financial
|
Financials
|
Thrifts & Mortgage Finance
|
|
ARMOUR Residential REIT
|
Real Estate
|
Mortgage REITS
|
|
DELETED
|
ILG
|
Consumer Discretionary
|
Hotel, Resorts & Cruise Lines
|
|
The Brink's Co.
|
Industrials
|
Security & Alarm Services
|
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