MarketAxess Holdings Set to Join S&P 500; Axon Enterprise to Join S&P MidCap 400; Others to Join S&P SmallCap 600
NEW YORK, June 24, 2019 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600:
-- S&P MidCap 400 constituent MarketAxess Holdings Inc. (NASD: MKTX) will
replace L3 Technologies Inc. (NYSE: LLL) in the S&P 500, S&P SmallCap
600 constituent Axon Enterprise Inc. (NASD: AAXN) will replace
MarketAxess Holdings in the S&P MidCap 400, and Mesa Laboratories Inc.
(NASD: MLAB) will replace Axon Enterprise in the S&P SmallCap 600
effective prior to the open of trading on Monday, July 1. S&P 500
constituent Harris Corp. (NYSE: HRS) is acquiring L3 Technologies in a
deal expected to be completed on or about that date pending final
approvals.
-- USANA Health Sciences Inc. (NYSE: USNA) will replace Fidelity Southern
Corp. (NASD: LION) in the S&P SmallCap 600 effective prior to the open
of trading on Monday, July 1. S&P SmallCap 600 constituent Ameris
Bancorp (NASD: ABCB) is acquiring Fidelity Southern in a deal expected
to be completed on or about that date pending final conditions.
-- Xencor Inc. (NASD: XNCR) will replace HFF Inc. (NYSE: HF) in the S&P
SmallCap 600 effective prior to the open of trading on Tuesday, July 2.
S&P MidCap 400 constituent Jones Lang LaSalle Inc. (NYSE: JLL) is
acquiring HFF in a deal expected to be completed on or about that date
pending final approvals.
MarketAxess Holdings operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments. Headquartered in New York, NY, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Financial Exchanges & Data Sub-Industry index.
Axon Enterprise develops, manufactures, and sells conducted energy weapons. Headquartered in Scottsdale, AZ, the company will be added to the S&P MidCap 400 GICS Aerospace & Defense Sub-Industry index.
Mesa Laboratories designs, manufactures, and markets quality control instruments and disposable products. Headquartered in Lakewood, CO, the company will be added to the S&P SmallCap 600 GICS Health Care Equipment Sub-Industry index.
USANA Health Sciences develops, manufactures, and sells science-based nutritional and personal care products. Headquartered in Salt Lake City, UT, the company will be added to the S&P SmallCap 600 GICS Personal Products Sub-Industry index.
Xencor focuses on the discovery and development of engineered monoclonal antibody and other protein therapeutics. Headquartered in Monrovia, CA, the company will be added to the S&P SmallCap 600 GICS Biotechnology Sub-Industry index.
Following is a summary of the changes:
S&P 500 INDEX - July 1, 2019
---
COMPANY
GICS ECONOMIC SECTOR
GICS SUB-INDUSTRY
ADDED
MarketAxess
Financials
Financial Exchanges &
Holdings Data
---
DELETED
L3 Technologies
Industrials
Aerospace & Defense
---
S&P MIDCAP 400 INDEX - July 1, 2019
---
COMPANY
GICS ECONOMIC SECTOR
GICS SUB-INDUSTRY
ADDED
Axon Enterprise
Industrials
Aerospace & Defense
---
DELETED
MarketAxess
Financials
Financial Exchanges &
Holdings Data
---
S&P SMALLCAP 600 INDEX - July 1, 2019
---
COMPANY
GICS ECONOMIC SECTOR
GICS SUB-INDUSTRY
ADDED
Mesa
Health Care
Health Care Equipment
Laboratories
---
USANA Health
Consumer Staples
Personal Products
DELETED
Axon Enterprise
Industrials
Aerospace & Defense
---
Fidelity Southern
Financials
Regional Banks
S&P SMALLCAP 600 INDEX - July 2, 2019
---
COMPANY
GICS ECONOMIC SECTOR
GICS SUB-INDUSTRY
ADDED
Xencor
Health Care
Biotechnology
---
DELETED
HFF
Real Estate
Real Estate Services
---
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SOURCE S&P Dow Jones Indices
