Blackstone, Airbnb to Replace Lincoln National, Newell Brands as Part of Major Changes in S&P Indices

S&P Dow Jones Indices (S&P DJI) announced several changes to its indices, including the S&P 500, S&P 100, S&P MidCap 400, and S&P SmallCap 600, effective before the opening of trading on Monday, September 18, as part of its quarterly rebalance.

These changes aim to make each index more representative of its market capitalization range.

Blackstone Inc. (NYSE:BX) and Airbnb Inc. (NASD:ABNB) will replace Lincoln National Corp. (NYSE:LNC) and Newell Brands Inc. (NASD:NWL) in the S&P 500, respectively. Consequently, Lincoln National and Newell Brands will replace UNIQURE N.V. (NASD:QURE) and Universal Insurance Holdings Inc. (NYSE:UVE) in the S&P SmallCap 600.

Deere & Co. (NYSE:DE) will replace Walgreens Boots Alliance Inc. (NASD:WBA) in the S&P 100 as Walgreens Boots Alliance is no longer representative of the mega-cap market space, although it will remain in the S&P 500.

Additionally, several changes will be made to the S&P MidCap 400 and S&P SmallCap 600. For example, Permian Resources Corp. (NYSE:PR) and Gaming and Leisure Properties Inc. (NASD:GLPI) will replace Omnicell Inc. (NASD:OMCL) and Papa John’s International Inc. (NASD:PZZA) in the S&P MidCap 400, respectively. The constituents being removed from the S&P MidCap 400 will be added to the S&P SmallCap 600, replacing other companies like Trinseo plc (NYSE:TSE) and The Aaron’s Company Inc. (NYSE:AAN).

Hannon Armstrong Sustainable Infrastructure Capital Inc. (NYSE:HASI) and Blackstone Mortgage Trust Inc. (NYSE:BXMT) will replace FutureFuel Corp. (NYSE:FF) and RE/MAX Holdings Inc. (NYSE:RMAX) in the S&P SmallCap 600, respectively.

Lastly, RBC Bearings Inc. (NYSE:RBC) will replace Hawaiian Electric Industries Inc. (NYSE:HE) in the S&P MidCap 400 as Hawaiian Electric Industries is no longer representative of the mid-cap market space.

S&P DJI is the world’s largest global resource for index-based concepts, data, and research, and home to iconic financial market indicators such as the S&P 500® and the Dow Jones Industrial Average®. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes, helping to define the way investors measure and trade the markets.

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