Keurig Dr Pepper, VICI Properties and ON Semiconductor Set to Join S&P 500; Others to Join S&P MidCap 400, and S&P SmallCap 600
NEW YORK, June 3, 2022 /PRNewswire/ — S&P Dow Jones Indices (“S&P DJI”) will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices:
- VICI Properties Inc. (NYSE:VICI) will replace Cerner Corp. (NASD: CERN) in the S&P 500 prior to the open of trading on Wednesday, June 8. S&P 500 constituent Oracle Corp. (NYSE:ORCL) is acquiring Cerner in a deal expected to be completed soon.
- The following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 are being made to ensure each index is more representative of its market capitalization range. These changes will be effective prior to the open of trading on Tuesday, June 21, (post close on Friday, June 17) to coincide with the quarterly rebalance. Please note that the US equity markets will be closed on Monday, June 20, for Juneteenth National Independence Day observance:
Keurig Dr Pepper Inc. (NASD:KDP) and ON Semiconductor Corp. (NASD: ON) will replace Under Armour Inc. (NYSE:UA/UAA) and IPG Photonics Corp. (NASD: IPGP) respectively in the S&P 500. Under Armour and IPG Photonics will replace Trinity Industries Inc. (NYSE:TRN) and Yelp Inc. (NYSE:YELP) respectively in the S&P MidCap 400. Trinity Industries and Yelp will replace Endo International plc (NASD:ENDP) and Red Robin Gourmet Burgers Inc. (NASD:RRGB) respectively in the S&P SmallCap 600.
Sotera Health Co. (NASD:SHC) and Shockwave Medical Inc. (NASD:SWAV) will replace Urban Outfitters Inc. (NASD:URBN) and LiveRamp Holdings Inc. (NYSE:RAMP) respectively in the S&P MidCap 400. Urban Outfitters and LiveRamp Holdings will replace Tactile Systems Technology Inc. (NASD:TCMD) and Vera Bradley Inc. (NASD: VRA) respectively in the S&P SmallCap 600. Ironwood Pharmaceuticals Inc. (NASD: IRWD) will replace Greenhill & Co Inc. (NYSE:GHL) in the S&P SmallCap 600.
All companies moving from the S&P 500 to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies moving from the S&P MidCap 400 to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being discretionarily removed from the S&P SmallCap 600 are 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 |
|
June 8, 2022 |
S&P 500 |
Addition |
VICI Properties |
VICI |
Real Estate |
|
June 8, 2022 |
S&P 500 |
Deletion |
Cerner |
CERN |
Health Care |
|
June 21, 2022 |
S&P 500 |
Addition |
Keurig Dr Pepper |
KDP |
Consumer Staples |
|
June 21, 2022 |
S&P 500 |
Addition |
ON Semiconductor |
ON |
Information Technology |
|
June 21, 2022 |
S&P 500 |
Deletion |
Under Armour |
UA/UAA |
Consumer Discretionary |
|
June 21, 2022 |
S&P 500 |
Deletion |
IPG Photonics |
IPGP |
Information Technology |
|
June 21, 2022 |
S&P MidCap 400 |
Addition |
Under Armour |
UA/UAA |
Consumer Discretionary |
|
June 21, 2022 |
S&P MidCap 400 |
Addition |
IPG Photonics |
IPGP |
Information Technology |
|
June 21, 2022 |
S&P MidCap 400 |
Addition |
Sotera Health |
SHC |
Health Care |
|
June 21, 2022 |
S&P MidCap 400 |
Addition |
Shockwave Medical |
SWAV |
Health Care |
|
June 21, 2022 |
S&P MidCap 400 |
Deletion |
Trinity Industries |
TRN |
Industrials |
|
June 21, 2022 |
S&P MidCap 400 |
Deletion |
Yelp |
YELP |
Communication Services |
|
June 21, 2022 |
S&P MidCap 400 |
Deletion |
Urban Outfitters |
URBN |
Consumer Discretionary |
|
June 21, 2022 |
S&P MidCap 400 |
Deletion |
LiveRamp Holdings |
RAMP |
Information Technology |
|
June 21, 2022 |
S&P SmallCap 600 |
Addition |
Trinity Industries |
TRN |
Industrials |
|
June 21, 2022 |
S&P SmallCap 600 |
Addition |
Yelp |
YELP |
Communication Services |
|
June 21, 2022 |
S&P SmallCap 600 |
Addition |
Urban Outfitters |
URBN |
Consumer Discretionary |
|
June 21, 2022 |
S&P SmallCap 600 |
Addition |
LiveRamp Holdings |
RAMP |
Information Technology |
|
June 21, 2022 |
S&P SmallCap 600 |
Addition |
Ironwood Pharmaceuticals |
IRWD |
Health Care |
|
June 21, 2022 |
S&P SmallCap 600 |
Deletion |
Endo International |
ENDP |
Health Care |
|
June 21, 2022 |
S&P SmallCap 600 |
Deletion |
Red Robin Gourmet Burgers |
RRGB |
Consumer Discretionary |
|
June 21, 2022 |
S&P SmallCap 600 |
Deletion |
Tactile Systems Technology |
TCMD |
Health Care |
|
June 21, 2022 |
S&P SmallCap 600 |
Deletion |
Vera Bradley |
VRA |
Consumer Discretionary |
|
June 21, 2022 |
S&P SmallCap 600 |
Deletion |
Greenhill & Co |
GHL |
Financials |
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