This post was originally published on this site
On Friday, S&P Dow Jones Indices announced that Keurig Dr Pepper would replace Under Armour Inc. (NYSE:UA) in the index.
The change will be effective prior to the open of trading on Tuesday, June 21, (post close on Friday, June 17) to coincide with the quarterly rebalance.
S&P said the charges are being made to ensure each index is more representative of its market capitalization range.
