NEW YORK, June 28, 2023 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P SmallCap 600 effective prior to the opening of trading on Thursday, July 6:
- Fortrea Holdings Inc. (NASD:FTRE) will replace Seneca Foods Corp. (NASD:SENEA). S&P 500 constituent Laboratory Corporation of America Holdings (NYSE:LH) is spinning off Fortrea Holdings in a transaction expected to be completed on July 3. Seneca Foods is no longer representative of the small-cap market space. Laboratory Corporation of America will remain in the S&P 500 following the transaction.
- PHINIA Inc. (NYSE: PHIN) will replace El Pollo Loco Holdings Inc. (NASD:LOCO). S&P 500 constituent BorgWarner Inc. (NYSE:BWA) is spinning off PHINIA in a transaction expected to be completed on July 5. El Pollo Loco is no longer representative of the small-cap market space. BorgWarner will remain in the S&P 500 following the transaction.
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
|
|
July 3, 2023
|
S&P 500
|
Addition
|
Fortrea Holdings
|
FTRE
|
Health Care
|
|
July 5, 2023
|
S&P 500
|
Addition
|
PHINIA
|
PHIN
|
Consumer Discretionary
|
|
July 6, 2023
|
S&P 500
|
Deletion
|
Fortrea Holdings
|
FTRE
|
Health Care
|
|
July 6, 2023
|
S&P 500
|
Deletion
|
PHINIA
|
PHIN
|
Consumer Discretionary
|
|
July 6, 2023
|
S&P SmallCap 600
|
Addition
|
Fortrea Holdings
|
FTRE
|
Health Care
|
|
July 6, 2023
|
S&P SmallCap 600
|
Addition
|
PHINIA
|
PHIN
|
Consumer Discretionary
|
|
July 6, 2023
|
S&P SmallCap 600
|
Deletion
|
Seneca Foods
|
SENEA
|
Consumer Staples
|
|
July 6, 2023
|
S&P SmallCap 600
|
Deletion
|
El Pollo Loco Holdings
|
LOCO
|
Consumer Discretionary
|
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SOURCE S&P Dow Jones Indices
