GXO Logistics Inc., Victoria’s Secret & Co., and GameStop Corp. will replace Strategic Education Inc., World Fuel Services Corp. and Weingarten Realty Investors in the S&P MidCap 400 index, according to S&P Dow Jones Indices.
GXO Logistics, which is being spun off from XPO Logistics Inc., will take over Strategic Education’s spot before trading begins on Aug. 2, and Strategic Education will replace Bel Fuse Inc. in the in the S&P SmallCap 600 before trading begins on Aug. 3.
Victoria’s Secret, which is being spun off from S&P 500 constituent L Brands Inc., will replace World Fuel Services before trading begins on Aug. 4. World Fuel Services will replace Spok Holdings Inc. in the S&P SmallCap 600.
L Brands will remain in the S&P 500 but change its name to Bath & Body Works Inc. and trade under BBWI.
GameStop also moves to the S&P MidCap 400 before trading begins on Aug. 4, taking the spot of Weingarten Realty Investors, which is being acquired by S&P 500 constituent Kimco Realty Corp.
Lakeland Financial Corp. takes over GameStop’s spot in the S&P SmallCap 600.