Press Releases
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 | |||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
ADDED | TopBuild | Consumer Discretionary | Homebuilding |
DELETED | Tech Data | Information Technology | Technology Distributors |
S&P SMALLCAP 600 INDEX – June 30, 2020 | |||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
ADDED | Retail Properties of America | Real Estate | Retail REITs |
Brandywine Realty Trust | Real Estate | Office REITs | |
DELETED | TopBuild | Consumer Discretionary | Homebuilding |
Briggs & Stratton | Industrials | Industrial Machinery | |
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