Monolithic Power Systems Set to Join S&P 500; Iridium Communications to Join S&P MidCap 400; Collegium Pharmaceutical to Join S&P SmallCap 600
PR Newswire
NEW YORK , Feb. 8, 2021 /PRNewswire/ -- S&P MidCap 400 constituent Monolithic Power Systems Inc. (NASD: MPWR) will replace TechnipFMC plc (NYSE: FTI) in the S&P 500, S&P SmallCap 600 constituent Iridium Communications Inc. (NASD: IRDM) will replace Monolithic Power Systems in the S&P MidCap 400, and Collegium Pharmaceutical Inc. (NASD: COLL) will replace Iridium Communications in the S&P SmallCap 600 effective prior to the opening of trading on Friday, February 12 . TechnipFMC is being removed from the S&P 500 in anticipation of its announced spin-off of Technip Energies in a transaction expected to be completed on or about February 16 . Technip Energies is expected to trade in ADR form in the OTC (over-the-counter) market.
Following is a summary of the changes that will take place prior to the open of trading on the effective date:
|
Effective Date
|
Index Name
|
Action
|
Company Name
|
Ticker
|
GICS Sector
|
|
Feb. 12, 2021
|
S&P 500
|
Addition
|
Monolithic Power Systems
|
MPWR
|
Information Technology
|
|
S&P 500
|
Deletion
|
TechnipFMC
|
FTI
|
Energy
|
|
S&P MidCap 400
|
Addition
|
Iridium Communications
|
IRDM
|
Communication Services
|
|
S&P MidCap 400
|
Deletion
|
Monolithic Power Systems
|
MPWR
|
Information Technology
|
|
S&P SmallCap 600
|
Addition
|
Collegium Pharmaceutical
|
COLL
|
Health Care
|
|
S&P SmallCap 600
|
Deletion
|
Iridium Communications
|
IRDM
|
Communication Services
|
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SOURCE S&P Dow Jones Indices
