Fortrea Holdings and PHINIA Set to Join S&P SmallCap 600

NEW YORK, June 28, 2023 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P SmallCap 600 effective prior to the opening of trading on Thursday, July 6:

  • Fortrea Holdings Inc. (NASD:FTRE) will replace Seneca Foods Corp. (NASD:SENEA). S&P 500 constituent Laboratory Corporation of America Holdings (NYSE:LH) is spinning off Fortrea Holdings in a transaction expected to be completed on July 3. Seneca Foods is no longer representative of the small-cap market space. Laboratory Corporation of America will remain in the S&P 500 following the transaction.
  • PHINIA Inc. (NYSE: PHIN) will replace El Pollo Loco Holdings Inc. (NASD:LOCO). S&P 500 constituent BorgWarner Inc. (NYSE:BWA) is spinning off PHINIA in a transaction expected to be completed on July 5. El Pollo Loco is no longer representative of the small-cap market space. BorgWarner will remain in the S&P 500 following the transaction.

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

July 3, 2023

S&P 500

Addition

Fortrea Holdings

FTRE

Health Care

July 5, 2023

S&P 500

Addition

PHINIA

PHIN

Consumer Discretionary

July 6, 2023

S&P 500

Deletion

Fortrea Holdings

FTRE

Health Care

July 6, 2023

S&P 500

Deletion

PHINIA

PHIN

Consumer Discretionary

July 6, 2023

S&P SmallCap 600

Addition

Fortrea Holdings

FTRE

Health Care

July 6, 2023

S&P SmallCap 600

Addition

PHINIA

PHIN

Consumer Discretionary

July 6, 2023

S&P SmallCap 600

Deletion

Seneca Foods

SENEA

Consumer Staples

July 6, 2023

S&P SmallCap 600

Deletion

El Pollo Loco Holdings

LOCO

Consumer Discretionary

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