NEW YORK, May 1, 2023 /PRNewswire/ -- S&P MidCap 400 constituent Axon Enterprise Inc. AXON will replace First Republic Bank FRC in the S&P 500, and STAG Industrial Inc. STAG will replace Axon Enterprise in the S&P MidCap 400 effective prior to the opening of trading on Thursday, May 4. The Federal Deposit Insurance Corp. (FDIC) announced that it has taken First Republic Bank into FDIC Receivership and therefore First Republic Bank is no longer eligible for inclusion.

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

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

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global SPGI, which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.

FOR MORE INFORMATION:

S&P Dow Jones Indices  
index_services@spglobal.com

Media Inquiries  
spdji.comms@spglobal.com

 

View original content:https://www.prnewswire.com/news-releases/axon-enterprise-set-to-join-sp-500-stag-industrial-to-join-sp-midcap-400-301812417.html

SOURCE S&P Dow Jones Indices