Fortrea Holdings and PHINIA Set to Join S&P SmallCap 600
NEW YORK, June 28, 2023 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P SmallCap 600 effective prior to the opening of trading on Thursday, July 6:
- Fortrea Holdings Inc. (NASD:FTRE) will replace Seneca Foods Corp. (NASD:SENEA). S&P 500 constituent Laboratory Corporation of America Holdings (NYSE:LH) is spinning off Fortrea Holdings in a transaction expected to be completed on July 3. Seneca Foods is no longer representative of the small-cap market space. Laboratory Corporation of America will remain in the S&P 500 following the transaction.
- PHINIA Inc. (NYSE:PHIN) will replace El Pollo Loco Holdings Inc. (NASD:LOCO). S&P 500 constituent BorgWarner Inc. (NYSE:BWA) is spinning off PHINIA in a transaction expected to be completed on July 5. El Pollo Loco is no longer representative of the small-cap market space. BorgWarner will remain in the S&P 500 following the transaction.
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 |
July 3, 2023 | S&P 500 | Addition | Fortrea Holdings | FTRE | Health Care |
July 5, 2023 | S&P 500 | Addition | PHINIA | PHIN | Consumer Discretionary |
July 6, 2023 | S&P 500 | Deletion | Fortrea Holdings | FTRE | Health Care |
July 6, 2023 | S&P 500 | Deletion | PHINIA | PHIN | Consumer Discretionary |
July 6, 2023 | S&P SmallCap 600 | Addition | Fortrea Holdings | FTRE | Health Care |
July 6, 2023 | S&P SmallCap 600 | Addition | PHINIA | PHIN | Consumer Discretionary |
July 6, 2023 | S&P SmallCap 600 | Deletion | Seneca Foods | SENEA | Consumer Staples |
July 6, 2023 | S&P SmallCap 600 | Deletion | El Pollo Loco Holdings | LOCO | Consumer Discretionary |
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SOURCE S&P Dow Jones Indices