Kontoor Brands and Arrowhead Pharmaceuticals Set to Join S&P SmallCap 600

Date : 05/20/2019 @ 10:56PM
Source : PR Newswire (US)
Stock : Hartford Financial Services Group Inc (HIG)
Quote : 56.7  -0.34 (-0.60%) @ 5:52PM

Kontoor Brands and Arrowhead Pharmaceuticals Set to Join S&P SmallCap 600

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NEW YORK, May 20, 2019 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P SmallCap 600 effective prior to the open of trading on Friday, May 24:

  • Kontoor Brands Inc. (NYSE: KTB) will replace Orion Group Holdings Inc. (NYSE: ORN). S&P 500 constituent V.F. Corp. (NYSE: VFC) is spinning off Kontoor Brands in a deal expected to be completed on or about May 23 pending final conditions. Orion Group is ranked at the bottom of the S&P SmallCap 600 and has a market capitalization that is no longer representative of the small-cap market space.
  • Arrowhead Pharmaceuticals Inc. (NASD: ARWR) will replace The Navigators Group Inc. (NASD: NAVG). S&P 500 constituent The Hartford Financial Services Group Inc. (NYSE: HIG) is acquiring Navigators Group in a transaction expected to be completed on or about May 23 pending final approvals.

Kontoor Brands designs, manufactures, sources, markets, and distributes apparel under the Wrangler and Lee brands. Headquartered in Greensboro, NC, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Apparel, Accessories & Luxury Goods Sub-Industry index.

Arrowhead Pharmaceuticals develops medicines for the treatment of intractable diseases. Headquartered in Pasadena, 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 SMALLCAP 600 INDEX – May 24, 2019


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Kontoor Brands

Consumer Discretionary

Apparel, Accessories &
Luxury Goods


Arrowhead
Pharmaceuticals

Health Care

Biotechnology

DELETED

Orion Group

Industrials

Construction &
Engineering


The Navigators
Group

Financials

Property & Casualty
Insurance

For more information about S&P Dow Jones Indices, please visit www.spdji.com.

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has become home to over 1,000,000 indices across the spectrum of asset classes that have helped define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.

FOR MORE INFORMATION:

David Blitzer

Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spglobal.com

S&P Dow Jones Indices
index_services@spglobal.com

Media Inquiries
spdji_communications@spglobal.com

Cision View original content:http://www.prnewswire.com/news-releases/kontoor-brands-and-arrowhead-pharmaceuticals-set-to-join-sp-smallcap-600-300853530.html

SOURCE S&P Dow Jones Indices

Copyright 2019 PR Newswire

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