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Etsy to join S&P 500

E-commerce company Etsy Inc. is expected to join the S&P 500, according to a Sept. 4 S&P Dow Jones Indices release.

Etsy, semiconductor company Teradyne Inc. and pharmaceutical company Catalent Inc. will replace current S&P 500 constituents H&R Block Inc., Coty Inc. and Kohl's Corp.

H&R Block, beauty products retailer Coty and department store chain Kohl's are set to move down to the S&P MidCap 400. Restaurant operator Wingstop Inc., auto parts manufacturer Fox Factory Holding Corp. and science research firm Medpace Holdings Inc. will also join the S&P MidCap 400.

Meanwhile, apparel retailer Express Inc. and the Pennsylvania Real Estate Investment Trust will be removed from the S&P SmallCap 600.

The changes will be effective prior to the open of trading on Sept. 21.

S&P Dow Jones Indices and S&P Global Market Intelligence are owned by S&P Global Inc.