NEW YORK, Oct. 27, 2014 /PRNewswire/ -- S&P Dow
Jones Indices will make the following changes to the S&P MidCap
400 and S&P SmallCap 600 indices effective after the close of
trading on Friday, October 31:
- Keysight Technologies Inc. (NYSE:KEYSwi) will replace Universal
Corp. (NYSE:UVV) in the S&P MidCap 400, and Universal will
replace Rubicon Technology Inc. (NASD:RBCN) in the S&P SmallCap
600. S&P 500 constituent Agilent Technologies Inc. (NYSE:A) is
spinning off Keysight Technologies in a transaction expected to be
completed on that date. Agilent will remain in the S&P 500
following the distribution. Universal's market capitalization is
approximately $1.0 billion, making it
more representative of the small cap market space. Rubicon
Technology is ranked at the bottom of the S&P SmallCap
600.
- Halyard Health Inc. (NYSE:HYHwi) will replace ADTRAN Inc.
(NASD:ADTN) in the S&P MidCap 400, and ADTRAN will replace
Forest Oil Corp. (NYSE:FST) in the S&P SmallCap 600. S&P
500 constituent Kimberly-Clark Corp. (NYSE:KMB) is spinning off
Halyard Health in a transaction expected to be completed on that
date. Kimberly-Clark will remain in the S&P 500 following the
distribution. ADTRAN's market capitalization is below $1.2 billion, making it more representative of
the small cap market space. Forest Oil is ranked near the bottom of
the S&P SmallCap 600.
Keysight Technologies provides electronic measurement solutions.
Headquartered in Santa Rosa, CA,
the company will be added to the S&P MidCap 400 GICS (Global
Industry Classification Standard) Electronic Equipment &
Instruments Sub-Industry index.
Universal operates as a leaf tobacco merchant and processor.
Headquartered in Richmond, VA, the
company will be added to the S&P SmallCap 600 GICS Tobacco
Sub-Industry index.
Halyard Health sells surgical and anti-infection products for
operating rooms. Headquartered in Alpharetta, GA, the company will be added to
the S&P MidCap 400 GICS Health Care Supplies Sub-Industry
index.
ADTRAN manufactures and sells networking and communications
equipment. Headquartered in Huntsville,
AL, the company will be added to the S&P SmallCap 600
GICS Communications Equipment Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400
INDEX – October 31, 2014
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Keysight
Technologies
|
Information
Technologies
|
Electronic Equipment
& Instruments
|
|
Halyard
Health
|
Health
Care
|
Health Care
Supplies
|
DELETED
|
Universal
|
Consumer
Staples
|
Tobacco
|
|
ADTRAN
|
Information
Technology
|
Communications
Equipment
|
S&P SMALLCAP
600 INDEX – October 31, 2014
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Universal
|
Consumer
Staples
|
Tobacco
|
|
ADTRAN
|
Information
Technology
|
Communications
Equipment
|
DELETED
|
Rubicon
Technology
|
Information
Technology
|
Semiconductor
Equipment
|
|
Forest Oil
|
Energy
|
Oil & Gas
Exploration & Production
|
Additions to and deletions from S&P Dow Jones Indices
do not in any way reflect an opinion on the investment merits of
the companies involved.
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For more information:
David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
(+) 212 438 3907
david.blitzer@spdji.com
David R. Guarino
Communications
S&P Dow Jones Indices
(+1) 212 438 1471
dave.guarino@spdji.com
SOURCE S&P Dow Jones Indices