S&P announces changes to S&P 400, 500, 600 indices
S&P Dow Jones Indices will make the following index adjustments to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 to ensure each index more appropriately represents its market capitalization range.
The changes will be effective prior to the open on Monday, March 19 to coincide with the March rebalance.
All companies moving to the S&P 500 have total market capitalizations above $12B.
All companies moving to the S&P MidCap 400 and S&P SmallCap 600 are more appropriate for those indices.
S&P MidCap 400 constituents Take-Two Interactive Software (TTWO) and SVB Financial Group (SIVB) will switch places with Signet Jewelers (SIG) and Patterson Companies (PDCO) respectively in the S&P 500.
S&P SmallCap 600 constituent Nektar Therapeutics (NKTR) will replace Chesapeake Energy (CHK) in the S&P 500, Chesapeake Energy will replace Dean Foods (DF) in the S&P MidCap 400, and Dean Foods will replace Nektar Therapeutics in the S&P SmallCap 600.
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This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility.