NEW YORK, June 24, 2020 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the open of trading on Tuesday, June 30:
- S&P SmallCap 600 constituent TopBuild Corp. (NYSE: BLD) will replace Tech Data Corp. (NASD: TECD) in the S&P MidCap 400, and Retail Properties of America Inc. (NYSE: RPAI) will replace TopBuild in the S&P SmallCap 600. Apollo Global Management Inc. (NYSE: APO) is acquiring Tech Data in a deal expected to be completed on or around June 30 pending final conditions.
- Brandywine Realty Trust (NYSE: BDN) will replace Briggs & Stratton Corp. (NYSE: BGG) in the S&P SmallCap 600. Briggs & Stratton is no longer representative of the small-cap market space.
TopBuild installs and distributes insulation and other building products. Headquartered in Daytona Beach, FL, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Homebuilding Sub-Industry index.
Retail Properties of America, a REIT (Real Estate investment Trust), owns and operates strategically located open-air shopping centers, including properties with a mixed-use component. Headquartered in Oak Brook, IL, the company will be added to the S&P SmallCap 600 GICS Retail REITs Sub-Industry index.
Brandywine Realty Trust is an integrated REIT with a focus on Philadelphia, Washington, D.C. and Austin markets. Headquartered in Philadelphia, PA, the company will be added to the S&P SmallCap 600 GICS Office REITs Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400 INDEX – June 30, 2020
GICS ECONOMIC SECTOR
S&P SMALLCAP 600 INDEX – June 30, 2020
GICS ECONOMIC SECTOR
Retail Properties of America
Brandywine Realty Trust
Briggs & Stratton
For more information about S&P Dow Jones Indices, please visit www.spdji.com
ABOUT S&P DOW JONES INDICES
S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.
FOR MORE INFORMATION:
S&P Dow Jones Indices
SOURCE S&P Dow Jones Indices