The investment seeks to track the investment results (before fees and expenses) of the S&P SmallCap 600® Capped Information Technology Index. The fund generally will invest at least 90% of its total assets in the securities that comprise the index. Strictly in accordance with its guidelines and mandated procedures, S&P Dow Jones Indices, LLC compiles, maintains and calculates the index, which is designed to measure the performance of securities of small-capitalization U.S. companies in the information technology sector, as defined by the Global Industry Classification Standard.
IPO Year: n/a
Exchange: NASDAQ
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DXC Technology Company (NYSE:DXC) announced a collaboration with ECARX Holdings Inc. (NASDAQ:ECX) to expedite the advancement of in-vehicle functionalities. This partnership will enhance infotainment systems, digital cockpits, and advanced driver assistance systems, ultimately improving drivers’ user experiences. Both companies collaborate to enhance product and platform development in response to rapid industry changes. ECARX will bolster its full-stack hardware and software offerings with DXC Luxoft’s software integration and engineering expertise and its ability to deliver customized solutions for automotive OEMs. The new partnership aims to streamline the integration of softw
Advanced Energy Industries, Inc. (NASDAQ:AEIS) disclosed a possible offer to acquire the entire issued and to be issued shares of XP Power Ltd. (OTC:XPPLF) for £19.50 per share in cash. The proposal reflects a 68% premium to XP Power’s closing share price of £11.64 as of May 20, 2024 (the last business day before this announcement) and an 82% premium to 30-trading day volume weighted average price of £10.74 as of May 20. Also, the proposal reflects a 76% premium to XP Power’s closing share price on the trading day before the May 7 proposal of £19.50 per share was submitted to the XP Power board. The total proposed consideration is £571 million, which is based on the diluted ordinary
Badger Meter, Inc (NYSE:BMI) reported fiscal first-quarter 2024 sales growth of 23% year-on-year to $196.3 million, beating the consensus of $182.3 million. EPS of $0.99 beat the consensus of $0.82. The stock price climbed after the results. Utility water sales increased 29% year over year, reflecting continued customer adoption across its broad and expanding portfolio of smart water solutions, which encompasses its cellular AMI offering, including ORION Cellular endpoints and BEACON Software as a Service (SaaS) revenues, coupled with increased water meter volumes, including E-Series Ultrasonic meters. Sales of flow instrumentation products declined 3% year over year, compared to a