NEW YORK, Dec. 17, 2015 /PRNewswire/ -- Five Below, Inc. (NASD:FIVE) will replace UIL Holdings Corp. (NYSE:UIL) in the S&P SmallCap 600 after the close of trading on Friday, December 18. UIL Holdings is merging with Iberdrola USA in a deal completed today.
Five Below operates as a specialty value retailer. Headquartered in Philadelphia, PA, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Specialty Stores Sub-Industry index.
Following is a summary of the change:
S&P SMALLCAP 600 INDEX – December 18, 2015 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
Five Below |
Consumer Discretionary |
Specialty Stores |
DELETED |
UIL Holdings |
Utilities |
Electric Utilities |
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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