(MENAFNEditorial) NEW YORK, Nov. 17, 2017 /PRNewswire/ --S & P Dow Jones Indices will make the following changes to the S & P MidCap 400 and S & P SmallCap 600 effective prior to the open of trading on Wednesday, November 22:
S & P SmallCap 600 constituent MKS Instruments Inc. (NASD: MKSI) will replace Brocade Communications Systems Inc. (NASD: BRCD) in the S & P MidCap 400, and Invesco Mortgage Capital Inc. (NYSE: ) will replace MKSI Instruments in the S & P SmallCap 600. S & P 500 constituent Broadcom Limited (NASD: AVGO) acquired Brocade Communications Systems in a deal completed today. Tactile Systems Technology Inc. (NASD: TCMD) will replace Lumos Networks Corp. (NASD: LMOS) in the S & P SmallCap 600. EQT Infrastructure acquired Lumos Networks in a deal completed today. MKS Instruments provides instruments, subsystems, and process control solutions that measure, control, power, deliver, monitor, and analyze critical parameters of manufacturing processes. Headquartered in Andover, MA, the company will be added to the S & P MidCap 400 GICS (Global Industry Classification Standard) Semiconductor Equipment Sub-Industry index. Invesco Mortgage Capital, a real estate investment trust (REIT), focuses on investing in, financing, and managing residential and commercial mortgage-backed securities and mortgage loans. Headquartered in Atlanta, GA, the company will be added to the S & P SmallCap 600 GICS Mortgage REITs Sub-Industry index.
Tactile Systems Technology develops and provides medical devices for the treatment of chronic diseases. Headquartered in Minneapolis, MN, the company will be added to the S & P SmallCap 600 GICS Health Care Equipment Sub-Industry index.
Following is a summary of the changes:
S & P MIDCAP 400 INDEX – NOVEMBER 22, 2017
COMPANY GICS ECONOMIC SECTOR
GICS SUB-INDUSTRY
ADDED MKS Instruments
Information Technology Semiconductor Equipment
DELETED Brocade Communications Systems
Information Technology Communications Equipment
S & P SMALLCAP 600 INDEX – NOVEMBER 22, 2017
COMPANY GICS ECONOMIC SECTOR
GICS SUB-INDUSTRY
ADDED Invesco Mortgage Capital
Financials Mortgage REITs
Tactile Systems Technology Health Care
Health Care Equipment
DELETED MKS Instruments
Information Technology Semiconductor Equipment
Lumos Networks Telecommunication Services
Alternative Carriers
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