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Lithia Motors Set to Join S&P MidCap 400; BankUnited & Trupanion to Join S&P SmallCap 600

·2 mins read

NEW YORK, Aug. 25, 2020 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the opening of trading on Tuesday, September 1:

  • S&P SmallCap 600 constituent Lithia Motors Inc. (NYSE:LAD) will replace LogMeIn Inc. (NASD:LOGM) in the S&P MidCap 400, and BankUnited Inc. (NYSE:BKU) will replace Lithia Motors in the S&P SmallCap 600. Francisco Partners and Elliott Management Corp. are acquiring LogMeIn in a deal expected to be completed soon pending final conditions.

  • Trupanion Inc. (NASD:TRUP) will replace Ring Energy Inc. (NYSE American:REI) in the S&P SmallCap 600. Ring Energy 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

September 1, 2020

S&P MidCap 400

Addition

Lithia Motors

LAD

Consumer Discretionary

September 1, 2020

S&P MidCap 400

Deletion

LogMeIn

LOGM

Information Technology

September 1, 2020

S&P SmallCap 600

Addition

BankUnited

BKU

Financials

September 1, 2020

S&P SmallCap 600

Deletion

Lithia Motors

LAD

Consumer Discretionary

September 1, 2020

S&P SmallCap 600

Addition

Trupanion

TRUP

Financials

September 1, 2020

S&P SmallCap 600

Deletion

Ring Energy

REI

Energy

For more information about S&P Dow Jones Indices, please visit www.spdji.com

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential 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®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. 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.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.

FOR MORE INFORMATION:

S&P Dow Jones Indices
index_services@spglobal.com

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spdji.comms@spglobal.com

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View original content:http://www.prnewswire.com/news-releases/lithia-motors-set-to-join-sp-midcap-400-bankunited--trupanion-to-join-sp-smallcap-600-301118337.html

SOURCE S&P Dow Jones Indices