NEW YORK, July 19, 2018 /PRNewswire/ -- Redwood Trust Inc. (NYSE:RWT) will replace Financial Engines Inc. (NASD:FNGN) in the S&P SmallCap 600 effective prior to the open of trading on Wednesday, July 25. Private equity investment firm Hellman & Friedman is acquiring Financial Engines in a transaction completed today.
Redwood Trust, operating as a mortgage real estate investment trust (REIT), engages in mortgage banking activities. Headquartered in Mill Valley, CA, the company will be added to the S&P SmallCap 600 GICS Mortgage REITs Sub-Industry index.
Following is a summary of the change:
S&P SMALLCAP 600 INDEX – JULY 25, 2018 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
Redwood Trust |
Financials |
Mortgage REITs |
DELETED |
Financial |
Financials |
Asset Management & |
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