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Erie Indemnity and Penske Automotive Group Set to Join S&P MidCap 400

NEW YORK, Aug. 1, 2023 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400:

  • Penske Automotive Group Inc. (NYSE: PAG) will replace Univar Solutions Inc. (NYSE: UNVR) in the S&P MidCap 400 effective prior to the opening of trading on Friday, August 4. Apollo Global Management Inc. (NYSE: APO) acquired Univar Solutions in a deal that closed today.
  • Erie Indemnity Co. (NASD: ERIE) will replace PDC Energy Inc. (NASD: PDCE) in the S&P MidCap 400 effective prior to the opening of trading on Tuesday, August 8. S&P 500 & 100 constituent Chevron Corp. (NYSE: CVX) is acquiring PDC Energy in a deal expected to be completed soon pending final conditions.

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 4, 2023

S&P MidCap 400

Addition

Penske Automotive Group

PAG

Consumer Discretionary


S&P MidCap 400

Deletion

Univar Solutions

UNVR

Industrials

August 8, 2023

S&P MidCap 400

Addition

Erie Indemnity

ERIE

Financials


S&P MidCap 400

Deletion

PDC Energy

PDCE

Energy

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