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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