MKS Instruments Set to Join S&P MidCap 400; Invesco Mortgage Capital and Tactile Systems Technology to Join S&P SmallCap 600

November 17, 2017 5:53 PM

NEW YORK, Nov. 17, 2017 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the open of trading on Wednesday, November 22:

  • S&P SmallCap 600 constituent MKS Instruments Inc. (NASD: MKSI) will replace Brocade Communications Systems Inc. (NASD: BRCD) in the S&P MidCap 400, and Invesco Mortgage Capital Inc. (NYSE: IVR) will replace MKSI Instruments in the S&P SmallCap 600. S&P 500 constituent Broadcom Limited (NASD: AVGO) acquired Brocade Communications Systems in a deal completed today.
  • Tactile Systems Technology Inc. (NASD: TCMD) will replace Lumos Networks Corp. (NASD: LMOS) in the S&P SmallCap 600. EQT Infrastructure acquired Lumos Networks in a deal completed today.

MKS Instruments provides instruments, subsystems, and process control solutions that measure, control, power, deliver, monitor, and analyze critical parameters of manufacturing processes. Headquartered in Andover, MA, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Semiconductor Equipment Sub-Industry index.

Invesco Mortgage Capital, a real estate investment trust (REIT), focuses on investing in, financing, and managing residential and commercial mortgage-backed securities and mortgage loans. Headquartered in Atlanta, GA, the company will be added to the S&P SmallCap 600 GICS Mortgage REITs Sub-Industry index.

Tactile Systems Technology develops and provides medical devices for the treatment of chronic diseases. Headquartered in Minneapolis, MN, the company will be added to the S&P SmallCap 600 GICS Health Care Equipment Sub-Industry index.

Following is a summary of the changes:

S&P MIDCAP 400 INDEX – NOVEMBER 22, 2017

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

MKS Instruments

Information Technology

Semiconductor Equipment

DELETED

Brocade Communications Systems

Information Technology

Communications Equipment

S&P SMALLCAP 600 INDEX – NOVEMBER 22, 2017

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Invesco Mortgage Capital

Financials

Mortgage REITs

Tactile Systems Technology

Health Care

Health Care Equipment

DELETED

MKS Instruments

Information Technology

Semiconductor Equipment

Lumos Networks

Telecommunication Services

Alternative Carriers

For more information about S&P Dow Jones Indices, please visit www.spdji.com

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FOR MORE INFORMATION:

S&P Dow Jones Indicesindex_services@spglobal.com

David BlitzerManaging Director and Chairman of the Index CommitteeNew York, USA(+1) 212 438 3907david.blitzer@spglobal.com

Soogyung JordanGlobal Head of CommunicationsNew York, USA(+1) 212 438 2297soogyung.jordan@spglobal.com

Luke ShaneNorth America Communications New York, USA(+1) 212 438 8184luke.shane@spglobal.com

Haw-Yan ManEMEA Communications London, UK(+44) 207 176 3023haw-yan.man@spglobal.com

Cecilia HoAsia Pacific Communications Hong Kong, HK(+852) 2532 8061cecilia.ho@spglobal.com

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SOURCE S&P Dow Jones Indices

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