NEW YORK, Dec. 28, 2021 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600:

  • Douglas Elliman Inc. (NYSE: DOUG) will be added to the S&P SmallCap 600 prior to the open of trading on Thursday, December 30, replacing Matrix Service Co. (NASD: MTRX), which will be removed from the S&P SmallCap 600 effective prior to the open of trading on Friday, December 31. S&P SmallCap 600 constituent Vector Group Ltd. (NYSE: VGR) is spinning off Douglas Elliman in a transaction expected to be completed on December 30. Post spin-off, Vector Group will remain in the S&P SmallCap 600. Matrix Service is no longer representative of the small-cap market space.
  • Calix Inc. (NYSE: CALX) will replace CIT Group Inc. (NYSE: CIT) in the S&P MidCap 400 effective prior to the opening of trading on Tuesday, January 4. First Citizens BancShares Inc. (NASD: FCNCA) is acquiring CIT Group in a deal expected to be completed soon pending final closing conditions.

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      


Company Name


GICS Sector

December 30, 2021

S&P SmallCap 600


Douglas Elliman


Consumer Staples

December 31, 2021

S&P SmallCap 600


Matrix Service



January 4, 2022

S&P MidCap 400




Information Technology

S&P MidCap 400


CIT Group



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