Monolithic Power Systems Set to Join S&P 500; Iridium Communications to Join S&P MidCap 400; Collegium Pharmaceutical to Join S&P SmallCap 600
NEW YORK, Feb. 8, 2021 /PRNewswire/ -- S&P MidCap 400 constituent Monolithic Power Systems Inc. (NASD: MPWR) will replace TechnipFMC plc (NYSE: FTI) in the S&P 500, S&P SmallCap 600 constituent Iridium Communications Inc. (NASD: IRDM) will replace Monolithic Power Systems in the S&P MidCap 400, and Collegium Pharmaceutical Inc. (NASD: COLL) will replace Iridium Communications in the S&P SmallCap 600 effective prior to the opening of trading on Friday, February 12. TechnipFMC is being removed from the S&P 500 in anticipation of its announced spin-off of Technip Energies in a transaction expected to be completed on or about February 16. Technip Energies is expected to trade in ADR form in the OTC (over-the-counter) market.
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 |
Feb. 12, 2021 | S&P 500 | Addition | Monolithic Power Systems | MPWR | Information Technology |
S&P 500 | Deletion | TechnipFMC | FTI | Energy | |
S&P MidCap 400 | Addition | Iridium Communications | IRDM | Communication Services | |
S&P MidCap 400 | Deletion | Monolithic Power Systems | MPWR | Information Technology | |
S&P SmallCap 600 | Addition | Collegium Pharmaceutical | COLL | Health Care | |
S&P SmallCap 600 | Deletion | Iridium Communications | IRDM | Communication Services |
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SOURCE S&P Dow Jones Indices
