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home / news releases / FRC - Axon Enterprise Set to Join S&P 500; STAG Industrial to Join S&P MidCap 400


FRC - Axon Enterprise Set to Join S&P 500; STAG Industrial to Join S&P MidCap 400

Axon Enterprise Set to Join S&P 500; STAG Industrial to Join S&P MidCap 400

PR Newswire

NEW YORK , May 1, 2023 /PRNewswire/ -- S&P MidCap 400 constituent Axon Enterprise Inc. (NASD: AXON) will replace First Republic Bank (NYSE: FRC) in the S&P 500, and STAG Industrial Inc. (NYSE: STAG) will replace Axon Enterprise in the S&P MidCap 400 effective prior to the opening of trading on Thursday, May 4 . The Federal Deposit Insurance Corp. (FDIC) announced that it has taken First Republic Bank into FDIC Receivership and therefore First Republic Bank is no longer eligible for inclusion.

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

May 4, 2023

S&P 500

Addition

Axon Enterprise

AXON

Industrials


S&P 500

Deletion

First Republic Bank

FRC

Financials


S&P MidCap 400

Addition

STAG Industrial

STAG

Real Estate


S&P MidCap 400

Deletion

Axon Enterprise

AXON

Industrials

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SOURCE S&P Dow Jones Indices

Stock Information

Company Name: FIRST REPUBLIC BANK
Stock Symbol: FRC
Market: NYSE
Website: firstrepublic.com

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