Press Releases
NEW YORK, July 28, 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 opening of trading on Monday, August 3:
- S&P SmallCap 600 constituent Sunrun Inc. (NASD:RUN) will replace Legg Mason Inc. (NYSE:LM) in the S&P MidCap 400, and Bancfirst Corp. (NASD:BANF) will replace Sunrun in the S&P SmallCap 600. S&P 500 constituent Franklin Resources Inc. (NYSE: BEN) is acquiring Legg Mason in a deal expected to be completed soon pending final conditions.
- IAA Inc. (NYSE:IAA) will replace Deluxe Corp. (NYSE:DLX) in the S&P MidCap 400, and Deluxe will replace El Paso Electric Co. (NYSE:EE) in the S&P SmallCap 600. El Paso Electric is being acquired in a deal expected to close soon pending final conditions. Deluxe has a market capitalization more representative of the small-cap market space.
- Rexford Industrial Realty Inc. (NYSE:REXR) will replace Carpenter Technology Corp. (NYSE:CRS) in the S&P MidCap 400, and Carpenter Technology will replace Cedar Realty Trust Inc. (NYSE:CDR) in the S&P SmallCap 600. Carpenter Technology has a market capitalization more representative of the small-cap market space. Cedar Realty Trust is ranked near the bottom of the S&P SmallCap 600 and is 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 |
August 3, 2020 | S&P MidCap 400 | Addition | Sunrun | RUN | Industrials |
August 3, 2020 | S&P MidCap 400 | Deletion | Legg Mason | LM | Financials |
August 3, 2020 | S&P SmallCap 600 | Addition | Bancfirst | BANF | Financials |
August 3, 2020 | S&P SmallCap 600 | Deletion | Sunrun | RUN | Industrials |
August 3, 2020 | S&P MidCap 400 | Addition | IAA | IAA | Industrials |
August 3, 2020 | S&P MidCap 400 | Deletion | Deluxe | DLX | Industrials |
August 3, 2020 | S&P MidCap 400 | Addition | Rexford Industrial Realty | REXR | Real Estate |
August 3, 2020 | S&P MidCap 400 | Deletion | Carpenter Technology | CRS | Materials |
August 3, 2020 | S&P SmallCap 600 | Addition | Deluxe Corp | DLX | Industrials |
August 3, 2020 | S&P SmallCap 600 | Deletion | El Paso Electric Co | EE | Utilities |
August 3, 2020 | S&P SmallCap 600 | Addition | Carpenter Technology Corp | CRS | Materials |
August 3, 2020 | S&P SmallCap 600 | Deletion | Cedar Realty Trust | CDR | Real Estate |
For more information about S&P Dow Jones Indices, please visit www.spdji.com
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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.
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