Enact Holdings Set to Join S&P SmallCap 600
Rhea-AI Summary
Enact Holdings (NASDAQ: ACT) is set to join the S&P SmallCap 600 index, replacing SolarWinds Corp (NYSE: SWI) effective prior to market opening on Wednesday, April 16, 2025. The change comes as Turn/River Capital's acquisition of SolarWinds approaches completion, pending final closing conditions.
The modification will see Enact Holdings, classified under the Financials sector, added to the index, while SolarWinds, from the Information Technology sector, will be removed.
Positive
- Addition to S&P SmallCap 600 index increases visibility and trading volume potential
- Inclusion may lead to increased institutional investment due to index fund requirements
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, ACT gained 4.41%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Following is a summary of the changes that will take place prior to the open of trading on the effective date:
Effective Date | Index Name | Action | Company Name | Ticker | GICS Sector | |
April 16, 2025 | S&P SmallCap 600 | Addition | Enact Holdings | ACT | Financials | |
April 16, 2025 | S&P SmallCap 600 | Deletion | SolarWinds | SWI | Information Technology | |
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SOURCE S&P Dow Jones Indices