NEW YORK, Nov. 1, 2021 /PRNewswire/ -- Kyndryl Holdings Inc. (NYSE:KD) will replace NetScout Systems Inc. (NASD:NTCT) in the S&P MidCap 400, and NetScout Systems will replace Invacare Corp. (NYSE:IVC) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, November 5. S&P 500 and 100 constituent International Business Machines Co. (NYSE: IBM) is spinning off Kyndryl Holdings in a transaction expected to be completed on November 4. Invacare is no longer representative of the small-cap market space.
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
|
November 5, 2021
|
S&P MidCap 400
|
Addition
|
Kyndryl Holdings
|
KD
|
Information Technology
|
|
S&P MidCap 400
|
Deletion
|
NetScout Systems
|
NTCT
|
Information Technology
|
|
S&P SmallCap 600
|
Addition
|
NetScout Systems
|
NTCT
|
Information Technology
|
|
S&P SmallCap 600
|
Deletion
|
Invacare
|
IVC
|
Health Care
|
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