Universal Technical Institute and Peloton Interactive Set to Join S&P SmallCap 600
- Universal Technical Institute Inc. (NYSE: UTI) will replace Veris Residential Inc. (NYSE: VRE). Affinius Capital and Vista Hill Partners are acquiring Veris Residential in a deal expected to be completed soon, pending final closing conditions.
- Peloton Interactive Inc. (NASD: PTON) will replace Enviri Corp. (NYSE: NVRI). Enviri is spinning off certain operations and assets later this month into a new publicly traded company. Post spin-off, Veolia Environment SA will acquire the remaining parent entity. The new publicly traded company is not expected to be 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 | |
S&P SmallCap 600 | Addition | Universal Technical Institute | UTI | Consumer Discretionary | ||
S&P SmallCap 600 | Deletion | Veris Residential | VRE | Real Estate | ||
S&P SmallCap 600 | Addition | Peloton Interactive | PTON | Consumer Discretionary | ||
S&P SmallCap 600 | Deletion | Enviri Corporation | NVRI | Industrials | ||
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