Qorvo Set to Join the S&P 500; WisdomTree Investments to be Added to the S&P MidCap 400
NEW YORK, June 9, 2015 /PRNewswire/ -- S&P MidCap 400 constituent Qorvo Inc. (NASD: QRVO) will replace Lorillard Inc. (NYSE: LO) in the S&P 500, and WisdomTree Investments Inc. (NASD: WETF) will replace Qorvo in the S&P MidCap 400 after the close of trading on Thursday, June 11. S&P 500 constituent Reynolds American Inc. (NYSE: RAI) is acquiring Lorillard in a deal expected to be completed on June 12.
Qorvo provides technologies and radio frequency solutions for mobile, infrastructure, defense, and aerospace applications. Headquartered in Greensboro, NC, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Semiconductors Sub-Industry index.
WisdomTree Investments operates as an exchange-traded funds sponsor and asset manager. Headquartered in New York, NY, the company will be added to the S&P MidCap 400 GICS Asset Management & Custody Banks Sub-Industry index.
Following is a summary of the changes:
S&P 500 INDEX – June 11, 2015 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
Qorvo |
Information Technology |
Semiconductors |
DELETED |
Lorillard |
Consumer Staples |
Tobacco |
S&P MIDCAP 400 INDEX – June 11, 2015 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
WidomTree Investments |
Financials |
Asset Management & Custody Banks |
DELETED |
Qorvo |
Information Technology |
Semiconductors |
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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(+1) 212 438 3907
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Communications
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(+1) 212 438 1471
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SOURCE S&P Dow Jones Indices
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