S&P MidCap 400 constituent Qorvo Inc. will replace Lorillard Inc. in the S&P 500, and WisdomTree Investments Inc. will replace Qorvo in the S&P MidCap 400 after the close of trading on…
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Thursday, June 11. S&P 500 constituent Reynolds American Inc. (NYSE:RAI) is acquiring Lorillard in a deal expected to be completed on June12.
Qorvo provides technologies and radio frequency solutions for mobile, infrastructure, defense, and aerospace applications. Headquartered in Greensboro, NC, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Semiconductors Sub-Industry index.
WisdomTree Investments operates as an exchange-traded funds sponsor and asset manager. Headquartered in New York, NY, the company will be added to the S&P MidCap 400 GICS Asset Management & Custody Banks Sub-Industry index.
Following is a summary of the changes:
Source: ETFWorld.com
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