Zoetis Set to Join S&P 500; First Horizon National to Join S&P MidCap 400; QLogic to Join S&P SmallCap 600

NEW YORK, June 14, 2013 /PRNewswire/ -- Zoetis Inc. (NYSE: ZTSwi) will replace First Horizon National Corp. (NYSE: FHN) in the S&P 500, First Horizon National will replace QLogic Corp. (NASD: QLGC) in the S&P MidCap 400, and QLogic will replace Coldwater Creek Inc. (NASD: CWTR) in the S&P SmallCap 600 after the close of trading on Friday, June 21. S&P 100 & 500 constituent Pfizer Inc. (NYSE: PFE) is splitting off its approximately 80% holdings in Zoetis in an exchange offer expected to be completed soon, pending final conditions. First Horizon's total market capitalization is more representative of the mid cap market space, and QLogic's total market capitalization is more representative of the small cap market space. Coldwater Creek is ranked #600 in the SmallCap 600.

Zoetis engages in the discovery, development, manufacture, and commercialization of animal health medicines and vaccines.  Headquartered in Madison, NJ, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Pharmaceuticals Sub-Industry index.

First Horizon National operates as a bank, providing various financial services.  Headquartered in Memphis, TN, the company will be added to the S&P MidCap 400 GICS Regional Banks Sub-Industry index.

QLogic designs and supplies network infrastructure products.  Headquartered in Aliso Viejo, CA, the company will be added to the S&P SmallCap 600 GICS Computer Storage & Peripherals Sub-Industry index.

Following is a summary of the changes:

S&P 500 INDEX – June 21, 2013


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Zoetis

Health Care

Pharmaceuticals

DELETED

First Horizon National

Financials

Regional Banks

 

S&P MIDCAP 400 INDEX – June 21, 2013


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

First Horizon National

Financials

Regional Banks

DELETED

QLogic

Information Technology

Computer Storage & Peripherals

 

S&P SMALLCAP 600 INDEX – June 21, 2013


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

QLogic

Information Technology

Computer Storage & Peripherals

DELETED

Coldwater Creek

Consumer Discretionary

Apparel Retail

 

Additions to and deletions from S&P  Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.

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