Summer Of Spin Brings More S&P Index Changes

More spins mean more work for the folks at S&P Dow Jones Indices. With the completion of Barnes & Noble’s(BKS) spin of Barnes & Noble Education(BNED) this weekend, Barnes & Noble Education will join its parent in the S&P SmallCap 600, replacing A.M. Castle & Co(CAS). The change will maintain the index’s current ampersand level.

With the completion of its spinoff of Lumentum Holdings(LITE), erstwhile S&P 500 component JDSU will be replaced in the S&P MidCap 400 by Catalent(CTLT). JDSU will change its name to Viavi Solutions(VIAV) and replace Susquehanna Bancshares in the S&P SmallCap 600.  Lumentum will join the S&P SmallCap 600 as well, replacing Comstock Resources(CRK).

Disclosure: The author holds no shares of any stock mentioned.