NEW YORK, May 1, 2023 /PRNewswire/ -- S&P MidCap 400 constituent Axon Enterprise Inc. (NASD: AXON) will replace First Republic Bank (NYSE: FRC) in the S&P 500, and STAG Industrial Inc. (NYSE: STAG) will replace Axon Enterprise in the S&P MidCap 400 effective prior to the opening of trading on Thursday, May 4 . The Federal Deposit Insurance Corp. (FDIC) announced that it has taken First Republic Bank into FDIC Receivership and therefore First Republic Bank is no longer eligible for inclusion.
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 |
May 4, 2023 | S&P 500 | Addition | Axon Enterprise | AXON | Industrials |
S&P 500 | Deletion | First Republic Bank | FRC | Financials | |
S&P MidCap 400 | Addition | STAG Industrial | STAG | Real Estate | |
S&P MidCap 400 | Deletion | Axon Enterprise | AXON | Industrials |
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