Madison Square Garden Sports Set to Join S&P SmallCap 600

28 July 2023

Madison Square Garden Sports Corp. will replace Aerojet Rocketdyne Holdings Inc. in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, August 1. S&P 500 constituent L3Harris Technologies Inc. (NYSE:LHX) is acquiring Aerojet Rocketdyne in a deal that is expected to close on July 28, pending final conditions.

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

Effective Date

Index Name      

Action

Company Name

Ticker

GICS Sector

August 1, 2023

S&P SmallCap 600

Addition

Madison Square Garden Sports

MSGS

Communication Services

August 1, 2023

S&P SmallCap 600

Deletion

Aerojet Rocketdyne

AJRD

Industrials

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Source: prnewswire.com