NEW YORK, Nov. 17, 2017 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the open of trading on Wednesday, November 22:

  • S&P SmallCap 600 constituent MKS Instruments Inc. (NASD: MKSI) will replace Brocade Communications Systems Inc. (NASD: BRCD) in the S&P MidCap 400, and Invesco Mortgage Capital Inc. (NYSE: IVR) will replace MKSI Instruments in the S&P SmallCap 600. S&P 500 constituent Broadcom Limited (NASD: AVGO) acquired Brocade Communications Systems in a deal completed today.
  • Tactile Systems Technology Inc. (NASD: TCMD) will replace Lumos Networks Corp. (NASD: LMOS) in the S&P SmallCap 600. EQT Infrastructure acquired Lumos Networks in a deal completed today.

MKS Instruments provides instruments, subsystems, and process control solutions that measure, control, power, deliver, monitor, and analyze critical parameters of manufacturing processes.  Headquartered in Andover, MA, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Semiconductor Equipment Sub-Industry index.

Invesco Mortgage Capital, a real estate investment trust (REIT), focuses on investing in, financing, and managing residential and commercial mortgage-backed securities and mortgage loans. Headquartered in Atlanta, GA, the company will be added to the S&P SmallCap 600 GICS Mortgage REITs Sub-Industry index.

Tactile Systems Technology develops and provides medical devices for the treatment of chronic diseases. Headquartered in Minneapolis, MN, the company will be added to the S&P SmallCap 600 GICS Health Care Equipment Sub-Industry index.

Following is a summary of the changes:

S&P MIDCAP 400 INDEX – NOVEMBER 22, 2017


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

MKS Instruments

Information Technology

Semiconductor Equipment

DELETED

Brocade Communications Systems

Information Technology

Communications Equipment

 

S&P SMALLCAP 600 INDEX – NOVEMBER 22, 2017


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Invesco Mortgage Capital

Financials

Mortgage REITs


Tactile Systems Technology

Health Care

Health Care Equipment

DELETED

MKS Instruments

Information Technology

Semiconductor Equipment


Lumos Networks

Telecommunication Services

Alternative Carriers

For more information about S&P Dow Jones Indices, please visit www.spdji.com

ABOUT S&P DOW JONES INDICES

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 become home to over 1,000,000 indices across the spectrum of asset classes that have helped define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.

FOR MORE INFORMATION:

S&P Dow Jones Indices
index_services@spglobal.com

David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spglobal.com

Soogyung Jordan
Global Head of Communications
New York, USA
(+1) 212 438 2297
soogyung.jordan@spglobal.com

Luke Shane
North America Communications
New York, USA
(+1) 212 438 8184
luke.shane@spglobal.com

Haw-Yan Man
EMEA Communications
London, UK
(+44) 207 176 3023
haw-yan.man@spglobal.com

Cecilia Ho
Asia Pacific Communications
Hong Kong, HK
(+852) 2532 8061
cecilia.ho@spglobal.com

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SOURCE S&P Dow Jones Indices

Copyright 2017 PR Newswire

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