NEW YORK, March 28, 2018 /PRNewswire/ -- S&P MidCap
400 constituent MSCI Inc. (NYSE: MSCI) will replace CSRA Inc. (NYSE: CSRA) in the S&P 500, S&P SmallCap 600 constituent
Lumentum Holdings Inc. (NASD: LITE) will replace MSCI in the S&P MidCap 400 and C&J Energy Services Inc. (NYSE: CJ) will
replace Lumentum Holdings in the S&P SmallCap 600 effective prior to the open on trading on Wednesday,
April 4. S&P 500 constituent General Dynamics Corp. (NYSE: GD) is acquiring CSRA in a deal expected to close soon
pending final conditions.
S&P Dow Jones Indices announces a clarification to the S&P U.S. Indices methodology regarding public offerings of
existing shares by selling shareholders. Any concurrent share repurchase or share issuance by the affected company, even if less
than 5%, will also be included in the share change as long as the selling shareholder's stake equals at least 5% of the total
shares of the company. Please refer to the S&P U.S. Indices Methodology document on our website for further details.
MSCI provides investment decision support tools for clients to manage their investment processes. Headquartered in
New York, NY, the company will be added to the S&P 500 GICS (Global Industry Classification
Standard) Financial Exchanges & Data Sub-Industry index.
Lumentum Holdings manufactures and sells optical and photonic products. Headquartered in Milpitas,
CA, the company will be added to the S&P MidCap 400 GICS Communications Equipment Sub-Industry index.
C&J Energy Services provides well construction, well completion, and other complementary oilfield services to oil and gas
exploration and production companies. Headquartered in Houston, TX, the company will be added to
the S&P SmallCap 600 GICS Oil & Gas Equipment & Services Sub-Industry index.
Following is a summary of the changes:
|
S&P 500 INDEX – April 4, 2018
|
|
COMPANY
|
GICS ECONOMIC SECTOR
|
GICS SUB-INDUSTRY
|
|
ADDED
|
MSCI
|
Financials
|
Financial Exchanges &
Data
|
|
DELETED
|
CSRA
|
Information Technology
|
IT Consulting & Other
Services
|
|
S&P MIDCAP 400 INDEX – April 4, 2018
|
|
COMPANY
|
GICS ECONOMIC SECTOR
|
GICS SUB-INDUSTRY
|
|
ADDED
|
Lumentum
Holdings
|
Information Technology
|
Communications
Equipment
|
|
DELETED
|
MSCI
|
Financials
|
Financial Exchanges &
Data
|
|
S&P SMALLCAP 600 INDEX – April 4, 2018
|
|
COMPANY
|
GICS ECONOMIC SECTOR
|
GICS SUB-INDUSTRY
|
|
ADDED
|
C&J Energy
Services
|
Energy
|
Oil & Gas Equipment &
Services
|
|
DELETED
|
Lumentum
Holdings
|
Information Technology
|
Communications
Equipment
|
For more information about S&P Dow Jones Indices, please visit www.spdji.com .
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FOR MORE INFORMATION:
David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spglobal.com
S&P Dow Jones Indices
index_services@spglobal.com
Media Inquiries
spdji_communications@spglobal.com
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SOURCE S&P Dow Jones Indices