GE Vernova and Solventum Set to Join S&P 500; Dentsply Sirona to Join S&P MidCap 400; Others to Join S&P SmallCap 600
NEW YORK, March 27, 2024 /PRNewswire/ — S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600:
Solventum Corp. (NYSE: SOLV) will be added to the S&P 500 effective prior to the open of trading on Monday, April 1, replacing V.F. Corp. (NYSE: VFC), which will be moved to the S&P SmallCap 600 effective prior to the open of trading on Wednesday, April 3. V.F. will replace ModivCare Inc. (NASD: MODV) in the S&P SmallCap 600 also effective prior to the open of trading on April 3. S&P 500 and 100 constituent 3M Co. (NYSE: MMM) is spinning off Solventum in a transaction expected to be completed April 1. Following the spin-off, the parent 3M will remain in the S&P 500 and S&P 100. V.F. is no longer representative of the large-cap market space, and ModivCare is no longer representative of the small-cap market space.
GE Vernova Inc. (NYSE: GEV) will be added to the S&P 500 effective prior to the open of trading on Tuesday, April 2, replacing Dentsply Sirona Inc. (NASD: XRAY), which will be moved to the S&P MidCap 400 effective prior to the open of trading on Wednesday, April 3. Dentsply Sirona will replace Fox Factory Holding Corp. (NASD: FOXF) in the S&P MidCap 400, and Fox Factory Holding will replace The E.W. Scripps Co. (NASD: SSP) in the S&P SmallCap 600, also effective prior to the open of trading on April 3. S&P 500 and 100 constituent General Electric Corp. (NYSE: GE) is spinning off GE Vernova in a transaction expected to be completed April 2. Following the spin-off, General Electric will have a name change to GE Aerospace and will remain in the S&P 500 and S&P 100. Dentsply Sirona is no longer representative of the large-cap market space. Fox Factory Holding is no longer representative of the mid-cap market space, and E.W. Scripps 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
April 1, 2024
S&P 500
Addition
Solventum
SOLV
Health Care*
April 2, 2024
S&P 500
Addition
GE Vernova
GEV
Industrials
April 3, 2024
S&P 500
Deletion
V.F.
VFC
Consumer Discretionary
April 3, 2024
S&P 500
Deletion
Dentsply Sirona
XRAY
Health Care
April 3, 2024
S&P MidCap 400
Addition
Dentsply Sirona
XRAY
Health Care
April 3, 2024
S&P MidCap 400
Deletion
Fox Factory Holding
FOXF
Consumer Discretionary
April 3, 2024
S&P SmallCap 600
Addition
V.F.
VFC
Consumer Discretionary
April 3, 2024
S&P SmallCap 600
Addition
Fox Factory Holding
FOXF
Consumer Discretionary
April 3, 2024
S&P SmallCap 600
Deletion
ModivCare
MODV
Health Care
April 3, 2024
S&P SmallCap 600
Deletion
E.W. Scripps
SSP
Communication Services
*As a spin-off, Solventum Corp. will be added to GICS Industrials Sector prior to the market open on April 1, but will change to Health Care GICS Sector prior to the market open on April 3.
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