First Solar Set to Join S&P 500; Fortune Brands Innovations to Join S&P MidCap 400; MasterBrand to Join S&P SmallCap 600
NEW YORK, Dec. 12, 2022 /PRNewswire/ -- S&P MidCap 400 constituent First Solar Inc. (NASD: FSLR) will replace Fortune Brands Home & Security Inc. (NYSE:FBHS) in the S&P 500, Fortune Brands Innovations Inc. (NYSE:FBIN) will replace First Solar in the S&P MidCap 400, and MasterBrand Inc. (NYSE:MBC) will replace Conn's Inc. (NASD: CONN) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, December 19. Fortune Brands Home & Security is spinning off MasterBrand in a transaction expected to be completed December 15. Post spin-off, Fortune Brands Home & Security will have a name and symbol change to Fortune Brands Innovations Inc. (NYSE:FBIN) and will be more representative of the midcap market space. Conn's 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 |
Dec. 15, 2022 | S&P 500 | Addition | MasterBrand | MBC | Industrials |
Dec. 19, 2022 | S&P 500 | Addition | First Solar | FSLR | Information Technology |
S&P 500 | Deletion | MasterBrand | MBC | Industrials | |
S&P 500 | Deletion | Fortune Brands Home & Security | FBHS | Industrials | |
S&P MidCap 400 | Addition | Fortune Brands Innovations | FBIN | Industrials | |
S&P MidCap 400 | Deletion | First Solar | FSLR | Information Technology | |
S&P SmallCap 600 | Addition | MasterBrand | MBC | Industrials | |
S&P SmallCap 600 | Deletion | Conn's | CONN | Consumer Discretionary |
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