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S&P Dow Jones Indices will add multiple companies to the
S&P 500
in the coming weeks, including
Keurig Dr Pepper
,
and
ON Semiconductor (ticker: ON) and the drinks producer
Keurig Dr Pepper
(KDP) will replace
IPG Photonics
(IPGP) and
Under Armour
(UAA), respectively, in the
S&P 500
before the open of trading on June 21. The moves are part of a shake-up meant to ensure S&P’s various indexes are more representative of their intended market-capitalization ranges, according to a news release by S&P Dow Jones Indices from Friday.
Read More: ON Semiconductor and 2 More Companies Will Join the S&P 500 This Month