Burlington Stores Set to Join S&P MidCap 400; Envestnet to Join S&P SmallCap 600
NEW YORK, Nov. 2, 2023 /PRNewswire/ -- Burlington Stores Inc. (NYSE:BURL) will replace Envestnet Inc. (NYSE:ENV) in the S&P MidCap 400, and Envestnet will replace Hostess Brands Inc. (NASD:TWNK) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, November 7. S&P 500 constituent The J. M. Smucker Co. (NYSE: SJM) is acquiring Hostess Brands in an exchange offer expected to be completed on or about that date pending final conditions. Envestnet is more 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 |
November 7, 2023 | S&P MidCap 400 | Addition | Burlington Stores | BURL | Consumer Discretionary |
S&P MidCap 400 | Deletion | Envestnet | ENV | Information Technology | |
S&P SmallCap 600 | Addition | Envestnet | ENV | Information Technology | |
S&P SmallCap 600 | Deletion | Hostess Brands | TWNK | Consumer Staples |
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