Kyndryl Holdings Set to Join S&P MidCap 400; NetScout Systems to Join S&P SmallCap 600
NEW YORK, Nov. 1, 2021 /PRNewswire/ -- Kyndryl Holdings Inc. (NYSE:KD) will replace NetScout Systems Inc. (NASD:NTCT) in the S&P MidCap 400, and NetScout Systems will replace Invacare Corp. (NYSE:IVC) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, November 5. S&P 500 and 100 constituent International Business Machines Co. (NYSE: IBM) is spinning off Kyndryl Holdings in a transaction expected to be completed on November 4. Invacare 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 |
November 5, 2021 | S&P MidCap 400 | Addition | Kyndryl Holdings | KD | Information Technology |
S&P MidCap 400 | Deletion | NetScout Systems | NTCT | Information Technology | |
S&P SmallCap 600 | Addition | NetScout Systems | NTCT | Information Technology | |
S&P SmallCap 600 | Deletion | Invacare | IVC | Health Care |
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