Stocks

Etsy to Join S&P 500 Index

NEW YORK — Brooklyn-based Etsy (NASD: ETSY), which operates an e-commerce site for handmade goods and crafts, is joining the prestigious S&P 500 stock Index on Monday, September 21. The announcement was made last week by S&P Dow Jones Indices, which oversees the index.

Along with Etsy, other S&P MidCap 400 constituents Teradyne Inc. (NASD:TER), and Catalent Inc. (NYSE:CTLT) will move to the S&P 500, replacing H&R Block Inc. (NYSE:HRB) Coty Inc. (NYSE:COTY) and Kohl’s Corp. (NYSE:KSS), all of which will move to the S&P MidCap 400.

S&P SmallCap 600 constituents Wingstop Inc. (NASD:WING), Medpace Holdings Inc. (NASD:MEDP), and Fox Factory Holding Corp. (NASD:FOXF) will move to the S&P MidCap 400, replacing PBF Energy Inc. (NYSE:PBF), Allegheny Technologies Inc. (NYSE:ATI) and Mack-Cali Realty Corp. (NYSE:CLI), all of which will move to the S&P SmallCap 600.

Jazz Pharmaceuticals plc (NASD:JAZZ) will replace Transocean Ltd (NYSE:RIG) in the S&P MidCap 400. Transocean is no longer representative of the mid-cap market space.

Mr. Cooper Group Inc. (NASD:COOP) and R1 RCM Inc. (NASD:RCM) will replace Express Inc. (NYSE:EXPR) and Pennsylvania Real Estate (NYSE:PEI) respectively in the S&P SmallCap 600.  Express and Pennsylvania Real Estate are no longer representative of the small-cap market space.

The addition of Etsy to the S&P 500 caps an impressive year for the company, whose stock has risen 154.9% year to date. Etsy went public on the Nasdaq on April 16, 2015 at $16 per share.

Following is a summary of the changes by S&P that will take place prior to the open of trading on the effective date:

Effective Date

Index Name      

Action

Company Name

Ticker

GICS Sector

Sept. 21, 2020

S&P 500

Addition

Etsy

ETSY

Consumer Discretionary

Sept. 21, 2020

S&P 500

Addition

Teradyne

TER

Information Technology

Sept. 21, 2020

S&P 500

Addition

Catalent

CTLT

Health Care

Sept. 21, 2020

S&P 500

Deletion

H&R Block

HRB

Consumer Discretionary

Sept. 21, 2020

S&P 500

Deletion

Coty

COTY

Consumer Staples

Sept. 21, 2020

S&P 500

Deletion

Kohl’s

KSS

Consumer Discretionary

Sept. 21, 2020

S&P MidCap 400

Addition

H&R Block

HRB

Consumer Discretionary

Sept. 21, 2020

S&P MidCap 400

Addition

Coty

COTY

Consumer Staples

Sept. 21, 2020

S&P MidCap 400

Addition

Kohl’s

KSS

Consumer Discretionary

Sept. 21, 2020

S&P MidCap 400

Addition

Jazz Pharmaceuticals

JAZZ

Health Care

Sept. 21, 2020

S&P MidCap 400

Addition

Wingstop

WING

Consumer Discretionary

Sept. 21, 2020

S&P MidCap 400

Addition

Medpace Holdings

MEDP

Health Care

Sept. 21, 2020

S&P MidCap 400

Addition

Fox Factory Holding

FOXF

Consumer Discretionary

Sept. 21, 2020

S&P MidCap 400

Deletion

Etsy

ETSY

Consumer Discretionary

Sept. 21, 2020

S&P MidCap 400

Deletion

Teradyne

TER

Information Technology

Sept. 21, 2020

S&P MidCap 400

Deletion

Catalent

CTLT

Health Care

Sept. 21, 2020

S&P MidCap 400

Deletion

Transocean

RIG

Energy

Sept. 21, 2020

S&P MidCap 400

Deletion

PBF Energy

PBF

Energy

Sept. 21, 2020

S&P MidCap 400

Deletion

Allegheny Technologies

ATI

Materials

Sept. 21, 2020

S&P MidCap 400

Deletion

Mack-Cali Realty

CLI

Real Estate

Sept. 21, 2020

S&P SmallCap 600

Addition

PBF Energy

PBF

Energy

Sept. 21, 2020

S&P SmallCap 600

Addition

Allegheny Technologies

ATI

Materials

Sept. 21, 2020

S&P SmallCap 600

Addition

Mack-Cali Realty

CLI

Real Estate

Sept. 21, 2020

S&P SmallCap 600

Addition

Mr. Cooper Group

COOP

Financials

Sept. 21, 2020

S&P SmallCap 600

Addition

R1 RCM

RCM

Health Care

Sept. 21, 2020

S&P SmallCap 600

Deletion

Express

EXPR

Consumer Discretionary

Sept. 21, 2020

S&P SmallCap 600

Deletion

Pennsylvania Real Estate

PEI

Real Estate

Sept. 21, 2020

S&P SmallCap 600

Deletion

Wingstop

WING

Consumer Discretionary

Sept. 21, 2020

S&P SmallCap 600

Deletion

Medpace Holdings

MEDP

Health Care

Sept. 21, 2020

S&P SmallCap 600

Deletion

Fox Factory Holding

FOXF

Consumer Discretionary