Kenvue Set to Join S&P 500; Advance Auto Parts to Join S&P SmallCap 600
NEW YORK, Aug. 21, 2023 /PRNewswire/ -- Kenvue Inc. (NYSE: KVUE) will replace Advance Auto Parts Inc. (NYSE: AAP) in the S&P 500, and Advance Auto Parts will replace Emergent BioSolutions Inc. (NYSE: EBS) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, August 25. As previously announced on August 9, the addition of Kenvue is the result of S&P 500 and S&P 100 constituent Johnson & Johnson (NYSE: JNJ) offering to exchange the shares of Kenvue held for shares of Johnson & Johnson in a split-off exchange offer that expired on Friday, August 18. Advance Auto Parts is more representative of the small-cap market space, and Emergent BioSolutions 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 |
August 25, 2023 | S&P 500 | Addition | Kenvue | KVUE | Consumer Staples |
S&P 500 | Deletion | Advance Auto Parts | AAP | Consumer Discretionary | |
S&P SmallCap 600 | Addition | Advance Auto Parts | AAP | Consumer Discretionary | |
S&P SmallCap 600 | Deletion | Emergent BioSolutions | EBS | Health Care |
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