Press Releases
NEW YORK, Nov. 17, 2017 /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 Wednesday, November 22:
- S&P SmallCap 600 constituent MKS Instruments Inc. (NASD: MKSI) will replace Brocade Communications Systems Inc. (NASD: BRCD) in the S&P MidCap 400, and Invesco Mortgage Capital Inc. (NYSE: IVR) will replace MKSI Instruments in the S&P SmallCap 600. S&P 500 constituent Broadcom Limited (NASD: AVGO) acquired Brocade Communications Systems in a deal completed today.
- Tactile Systems Technology Inc. (NASD: TCMD) will replace Lumos Networks Corp. (NASD: LMOS) in the S&P SmallCap 600. EQT Infrastructure acquired Lumos Networks in a deal completed today.
MKS Instruments provides instruments, subsystems, and process control solutions that measure, control, power, deliver, monitor, and analyze critical parameters of manufacturing processes. Headquartered in Andover, MA, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Semiconductor Equipment Sub-Industry index.
Invesco Mortgage Capital, a real estate investment trust (REIT), focuses on investing in, financing, and managing residential and commercial mortgage-backed securities and mortgage loans. Headquartered in Atlanta, GA, the company will be added to the S&P SmallCap 600 GICS Mortgage REITs Sub-Industry index.
Tactile Systems Technology develops and provides medical devices for the treatment of chronic diseases. Headquartered in Minneapolis, MN, the company will be added to the S&P SmallCap 600 GICS Health Care Equipment Sub-Industry index.
Following is a summary of the changes:
|
S&P MIDCAP 400 INDEX – NOVEMBER 22, 2017 | |||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
|
ADDED |
MKS Instruments |
Information Technology |
Semiconductor Equipment |
|
DELETED |
Brocade Communications Systems |
Information Technology |
Communications Equipment |
|
S&P SMALLCAP 600 INDEX – NOVEMBER 22, 2017 | |||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
|
ADDED |
Invesco Mortgage Capital |
Financials |
Mortgage REITs |
|
Tactile Systems Technology |
Health Care |
Health Care Equipment | |
|
DELETED |
MKS Instruments |
Information Technology |
Semiconductor Equipment |
|
Lumos Networks |
Telecommunication Services |
Alternative Carriers | |
For more information about S&P Dow Jones Indices, please visit www.spdji.com
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FOR MORE INFORMATION:
S&P Dow Jones Indices
index_services@spglobal.com
David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spglobal.com
Soogyung Jordan
Global Head of Communications
New York, USA
(+1) 212 438 2297
soogyung.jordan@spglobal.com
Luke Shane
North America Communications
New York, USA
(+1) 212 438 8184
luke.shane@spglobal.com
Haw-Yan Man
EMEA Communications
London, UK
(+44) 207 176 3023
haw-yan.man@spglobal.com
Cecilia Ho
Asia Pacific Communications
Hong Kong, HK
(+852) 2532 8061
cecilia.ho@spglobal.com
SOURCE S&P Dow Jones Indices