Burlington Stores Set to Join S&P MidCap 400; Envestnet to Join S&P SmallCap 600

NEW YORK, Nov. 2, 2023 /PRNewswire/ — Burlington Stores Inc. (NYSE:BURL) will replace Envestnet Inc. (NYSE:ENV) in the S&P MidCap 400, and Envestnet will replace Hostess Brands Inc. (NASD:TWNK) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, November 7. S&P 500 constituent The J. M. Smucker Co. (NYSE: SJM) is acquiring Hostess Brands in an exchange offer expected to be completed on or about that date pending final conditions. Envestnet is more representative of the small-cap market space.

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

November 7, 2023

S&P MidCap 400

Addition

Burlington Stores

BURL

Consumer Discretionary


S&P MidCap 400

Deletion

Envestnet

ENV

Information Technology


S&P SmallCap 600

Addition

Envestnet

ENV

Information Technology


S&P SmallCap 600

Deletion

Hostess Brands

TWNK

Consumer Staples

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