NEW YORK, Dec. 28, 2021 /PRNewswire/ -- S&P Dow Jones
Indices will make the following changes to the S&P MidCap 400
and S&P SmallCap 600:
- Douglas Elliman Inc. (NYSE: DOUG) will be added to the S&P
SmallCap 600 prior to the open of trading on Thursday, December 30, replacing Matrix Service
Co. (NASD: MTRX), which will be removed from the S&P SmallCap
600 effective prior to the open of trading on Friday, December 31. S&P SmallCap 600
constituent Vector Group Ltd. (NYSE: VGR) is spinning off
Douglas Elliman in a transaction
expected to be completed on December
30. Post spin-off, Vector Group will remain in the S&P
SmallCap 600. Matrix Service is no longer representative of the
small-cap market space.
- Calix Inc. (NYSE: CALX) will replace CIT Group Inc. (NYSE: CIT)
in the S&P MidCap 400 effective prior to the opening of trading
on Tuesday, January 4. First Citizens
BancShares Inc. (NASD: FCNCA) is acquiring CIT Group in a deal
expected to be completed soon pending final closing
conditions.
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
|
|
December 30,
2021
|
S&P SmallCap
600
|
Addition
|
Douglas
Elliman
|
DOUG
|
Consumer
Staples
|
|
December 31,
2021
|
S&P SmallCap
600
|
Deletion
|
Matrix
Service
|
MTRX
|
Industrials
|
|
January 4,
2022
|
S&P MidCap
400
|
Addition
|
Calix
|
CALX
|
Information
Technology
|
|
S&P MidCap
400
|
Deletion
|
CIT Group
|
CIT
|
Financials
|
For more information about S&P Dow Jones Indices, please
visit www.spdji.com
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SOURCE S&P Dow Jones Indices