NEW YORK, Dec. 2, 2022 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices effective prior to the open of trading on Monday, December 19 to coincide with the quarterly rebalance:
- Allegro Microsystems Inc. (NASD:ALGM) and CubeSmart (NYSE:CUBE) will replace Semtech Corp. (NASD: SMTC) and NuVasive Inc. (NASD: NUVA) respectively in the S&P MidCap 400. Semtech and NuVasive will replace Diversified Healthcare Trust (NASD:DHC) and Tupperware Brands Corp. (NYSE:TUP) respectively in the S&P SmallCap 600.
- Agiliti Inc. (NYSE:AGTI), SJW Group (NYSE:SJW) and Cushman & Wakefield plc (NYSE:CWK) will replace LL Flooring Holdings Inc. (NYSE:LL), The Cato Corp. (NYSE:CATO) and Diebold Nixdorf Inc. (NYSE:DBD) respectively in the S&P SmallCap 600.
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 Name | Ticker | GICS Sector |
Dec. 19, 2022 | S&P MidCap 400 | Addition | Allegro Microsystems | 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 | NuVasive | NUVA | Health Care | |
S&P SmallCap 600 | Addition | Semtech | SMTC | Information Technology | |
S&P SmallCap 600 | Addition | NuVasive | NUVA | Health Care | |
S&P SmallCap 600 | Addition | Agiliti | AGTI | Health Care | |
S&P SmallCap 600 | Addition | SJW Group | SJW | Utilities | |
S&P SmallCap 600 | Addition | Cushman & Wakefield | CWK | Real Estate | |
S&P SmallCap 600 | Deletion | Diversified Healthcare Trust | DHC | Real Estate | |
S&P SmallCap 600 | Deletion | Tupperware Brands | TUP | Consumer Discretionary | |
S&P SmallCap 600 | Deletion | LL Flooring Holdings | 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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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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