Victory Capital Holdings Inc. (VCTR) is set to join the S&P SmallCap 600 index, effective prior to the opening of trading on Friday, July 18. The company will replace AeroVironment Inc. in the index.
This inclusion in a widely followed index can enhance Victory Capital's profile among institutional investors and index funds. Companies added to such indices often experience increased trading volume and investor attention.
The change in index composition is a result of S&P 500 constituent Schlumberger Ltd. acquiring ChampionX Corp., which triggered a series of rebalances across the S&P indices.
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