Allegro Microsystems and CubeSmart Set to Join S&P MidCap 400; Others to Join S&P SmallCap 600
-
Allegro Microsystems Inc .CubeSmart (NYSE:CUBE) will replace (Semtech Corp .NASD : SMTC) and (NuVasive Inc .NASD : NUVA) respectively in the S&P MidCap 400. Semtech andNuVasive will replace (NASD:DHC) andDiversified Healthcare Trust (NYSE:TUP) respectively in the S&P SmallCap 600.Tupperware Brands Corp . -
Agiliti Inc . (NYSE:SJW) andSJW Group (NYSE:CWK) will replaceCushman & Wakefield plc (NYSE:LL),LL Flooring Holdings Inc .The (NYSE:CATO) andCato Corp . (NYSE:DBD) respectively in the S&P SmallCap 600.Diebold Nixdorf Inc .
The changes are being made to ensure each index is more representative of its market capitalization range. All companies moving to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies moving to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being discretionarily removed from the S&P SmallCap 600 are 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 |
Ticker |
GICS Sector |
|
S&P MidCap 400 |
Addition |
|
ALGM |
Information Technology |
|
S&P MidCap 400 |
Addition |
CubeSmart |
CUBE |
Real Estate |
|
S&P MidCap 400 |
Deletion |
Semtech |
SMTC |
Information Technology |
|
S&P MidCap 400 |
Deletion |
|
NUVA |
Health Care |
|
S&P SmallCap 600 |
Addition |
Semtech |
SMTC |
Information Technology |
|
S&P SmallCap 600 |
Addition |
|
NUVA |
Health Care |
|
S&P SmallCap 600 |
Addition |
|
AGTI |
Health Care |
|
S&P SmallCap 600 |
Addition |
|
SJW |
Utilities |
|
S&P SmallCap 600 |
Addition |
|
CWK |
Real Estate |
|
S&P SmallCap 600 |
Deletion |
|
DHC |
Real Estate |
|
S&P SmallCap 600 |
Deletion |
|
TUP |
Consumer Discretionary |
|
S&P SmallCap 600 |
Deletion |
|
LL |
Consumer Discretionary |
|
S&P SmallCap 600 |
Deletion |
Cato |
CATO |
Consumer Discretionary |
|
S&P SmallCap 600 |
Deletion |
Diebold Nixdorf |
DBD |
Information Technology |
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