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.
About S&P Dow Jones Indices
S&P Dow Jones Indices LLC, a part of McGraw Hill Financial, is the world's largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of investors. More assets are invested in products based upon our indices than any other provider in the world. With over 1,000,000 indices covering a wide range of asset classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.
S&P® is a registered trademark of Standard & Poor's Financial Services LLC ("S&P"), a part of McGraw Hill Financial. Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). These trademarks have been licensed to S&P Dow Jones Indices LLC. It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, S&P and their respective affiliates (collectively "S&P Dow Jones Indices") do not sponsor, endorse, sell, or promote any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices does not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.
For more information:
David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
(+1) 212 438 3907
[email protected]
David R. Guarino
Communications
S&P Dow Jones Indices
(+1) 212 438 1471
[email protected]
SOURCE S&P Dow Jones Indices
Share this article