NEW YORK, July 16, 2014 /PRNewswire/ -- S&P Dow Jones
Indices is updating the market cap guidelines for its U.S. indices.
Effective today, the new guidelines are:
- S&P 500-- $5.3 billion or
greater (previous range was $ 4.6
billion or greater)
- S&P MidCap 400-- $1.4 billion to
$5.9 billion (previous range was $1.2
billion to $5.1 billion)
- S&P SmallCap 600-- $400 million to
$1.8 billion (previous range was $350
million to $1.6 billion)
"Based on our review of the market's progress – the S&P 500
is up 7% since the start of the year and 18% over the last 12
months – the Index Committee has revised the market cap guidelines
for the S&P 500, S&P MidCap 400 and S&P SmallCap 600,"
says David M. Blitzer, Managing
Director & Chairman of the Index Committee. "These figures,
which refer to total, not float adjusted market value, are reviewed
from time to time. The previous change was about a year ago."
S&P Dow Jones Indices will make the following changes to the
S&P SmallCap 600:
- Education Realty Trust Inc. (NYSE: EDR) will replace Hittite
Microwave Corp. (NASD: HITT) after the close of trading on
Monday, July 21. S&P 500
constituent Analog Devices Inc. (NASD:ADI) is acquiring Hittite
Microwave in a deal expected to be completed on or about that date
pending final conditions.
- MedAssets Inc. (NASD:MDAS) will replace OpenTable Inc.
(NASD:OPEN) after the close of trading on Wednesday, July 23. S&P 500 constituent The
Priceline Group Inc. (NASD:PCLN) is acquiring OpenTable in a deal
expected to be completed soon pending final conditions.
Education Realty Trust, a real estate investment trust (REIT),
develops, acquires, owns, and manages student housing communities.
Headquartered in Memphis, TN, the
company will be added to the S&P SmallCap 600 GICS (Global
Industry Classification Standard) Residential REITs Sub-Industry
index.
MedAssets provides technology-enabled products and services for
hospitals, health systems, and other ancillary healthcare
providers. Headquartered in Alpharetta,
GA, the company will be added to the S&P SmallCap 600
GICS Health Care Technology Sub-Industry index.
Following is a summary of the changes:
S&P SMALLCAP
600 INDEX – July 21, 2014
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Education Realty
Trust
|
Financials
|
Residential
REITs
|
DELETED
|
Hittite
Microwave
|
Information
Technology
|
Semiconductors
|
S&P SMALLCAP
600 INDEX – July 23, 2014
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
MedAssets
|
Health
Care
|
Health Care
Technology
|
DELETED
|
OpenTable
|
Information
Technology
|
Internet Software
& Services
|
Additions to and deletions from S&P Dow Jones Indices
do not in any way reflect an opinion on the investment merits of
the companies involved.
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For more information:
Dave Guarino
Communications
S&P Dow Jones Indices
dave.guarino@spdji.com
212-438-1471
David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
david.blitzer@spdji.com
212-438-3907
SOURCE S&P Dow Jones Indices