NEW YORK, June 28, 2023 /PRNewswire/ — S&P Dow Jones Indices will make the following changes to the S&P SmallCap 600 effective prior to the opening of trading on Thursday, July 6:
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Fortrea Holdings Inc. (NASD:FTRE) will replace Seneca Foods Corp. (NASD:SENEA). S&P 500 constituent Laboratory Corporation of America Holdings (NYSE:LH) is spinning off Fortrea Holdings in a transaction expected to be completed on July 3. Seneca Foods is no longer representative of the small-cap market space. Laboratory Corporation of America will remain in the S&P 500 following the transaction.
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PHINIA Inc. (NYSE: PHIN) will replace El Pollo Loco Holdings Inc. (NASD:LOCO). S&P 500 constituent BorgWarner Inc. (NYSE:BWA) is spinning off PHINIA in a transaction expected to be completed on July 5. El Pollo Loco is no longer representative of the small-cap market space. BorgWarner will remain in the S&P 500 following the transaction.
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 |
|
July 3, 2023 |
S&P 500 |
Addition |
Fortrea Holdings |
FTRE |
Health Care |
|
July 5, 2023 |
S&P 500 |
Addition |
PHINIA |
PHIN |
Consumer Discretionary |
|
July 6, 2023 |
S&P 500 |
Deletion |
Fortrea Holdings |
FTRE |
Health Care |
|
July 6, 2023 |
S&P 500 |
Deletion |
PHINIA |
PHIN |
Consumer Discretionary |
|
July 6, 2023 |
S&P SmallCap 600 |
Addition |
Fortrea Holdings |
FTRE |
Health Care |
|
July 6, 2023 |
S&P SmallCap 600 |
Addition |
PHINIA |
PHIN |
Consumer Discretionary |
|
July 6, 2023 |
S&P SmallCap 600 |
Deletion |
Seneca Foods |
SENEA |
Consumer Staples |
|
July 6, 2023 |
S&P SmallCap 600 |
Deletion |
El Pollo Loco Holdings |
LOCO |
Consumer Discretionary |
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SOURCE S&P Dow Jones Indices