NEW
YORK, March 29, 2023 /PRNewswire/ -- Crane Co.
(NYSE:CR) will be added to the S&P MidCap 400 effective prior
to the open of trading on Tuesday, April
4, replacing PacWest Bancorp (NASD:PACW) which will be moved
to the S&P SmallCap 600 effective prior to the open of trading
on Wednesday, April 5. PacWest
Bancorp will replace Nektar Therapeutics (NASD:NKTR) in the S&P
SmallCap 600 effective prior to the open of trading on Wednesday, April 5. S&P MidCap 400
constituent Crane Holdings Co. (NYSE:CR) is spinning off new Crane
in a transaction expected to be completed on April 4. Following the spin-off, the parent Crane
Holdings Co. will have a name change to Crane NXT Co., a symbol
change to CXT, and will remain in the S&P MidCap 400. Nektar
Therapeutics is no longer 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
|
April 4,
2023
|
S&P MidCap
400
|
Addition
|
Crane (new)
|
CR
|
Industrials
|
April 5,
2023
|
S&P MidCap
400
|
Deletion
|
PacWest
Bancorp
|
PACW
|
Financials
|
|
S&P SmallCap
600
|
Addition
|
PacWest
Bancorp
|
PACW
|
Financials
|
|
S&P SmallCap
600
|
Deletion
|
Nektar
Therapeutics
|
NKTR
|
Health Care
|
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SOURCE S&P Dow Jones Indices