NEW YORK, March 28, 2018 /PRNewswire/ -- S&P
MidCap 400 constituent MSCI Inc. (NYSE: MSCI) will replace CSRA
Inc. (NYSE: CSRA) in the S&P 500, S&P SmallCap 600
constituent Lumentum Holdings Inc. (NASD: LITE) will replace MSCI
in the S&P MidCap 400 and C&J Energy Services Inc. (NYSE:
CJ) will replace Lumentum Holdings in the S&P SmallCap 600
effective prior to the open on trading on Wednesday, April 4. S&P 500 constituent
General Dynamics Corp. (NYSE: GD) is acquiring CSRA in a deal
expected to close soon pending final conditions.
S&P Dow Jones Indices announces a clarification to the
S&P U.S. Indices methodology regarding public offerings of
existing shares by selling shareholders. Any concurrent share
repurchase or share issuance by the affected company, even if less
than 5%, will also be included in the share change as long as the
selling shareholder's stake equals at least 5% of the total shares
of the company. Please refer to the S&P U.S. Indices
Methodology document on our website for further details.
MSCI provides investment decision support tools for clients to
manage their investment processes. Headquartered in New York, NY, the company will be added to the
S&P 500 GICS (Global Industry Classification Standard)
Financial Exchanges & Data Sub-Industry index.
Lumentum Holdings manufactures and sells optical and photonic
products. Headquartered in Milpitas,
CA, the company will be added to the S&P MidCap 400 GICS
Communications Equipment Sub-Industry index.
C&J Energy Services provides well construction, well
completion, and other complementary oilfield services to oil and
gas exploration and production companies. Headquartered in
Houston, TX, the company will be
added to the S&P SmallCap 600 GICS Oil & Gas Equipment
& Services Sub-Industry index.
Following is a summary of the changes:
S&P 500 INDEX
– April 4, 2018
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
MSCI
|
Financials
|
Financial Exchanges
&
Data
|
DELETED
|
CSRA
|
Information
Technology
|
IT Consulting &
Other
Services
|
S&P MIDCAP 400
INDEX – April 4, 2018
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Lumentum
Holdings
|
Information
Technology
|
Communications
Equipment
|
DELETED
|
MSCI
|
Financials
|
Financial Exchanges
&
Data
|
S&P SMALLCAP
600 INDEX – April 4, 2018
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
C&J Energy
Services
|
Energy
|
Oil & Gas
Equipment &
Services
|
DELETED
|
Lumentum
Holdings
|
Information
Technology
|
Communications
Equipment
|
For more information about S&P Dow Jones Indices, please
visit www.spdji.com.
ABOUT S&P DOW JONES
INDICES
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FOR MORE INFORMATION:
David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spglobal.com
S&P Dow Jones Indices
index_services@spglobal.com
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SOURCE S&P Dow Jones Indices