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Stocks•11 June 2026•

2 min read

Eastern Bankshares and First Advantage to Join S&P SmallCap 600 Index

Key Facts

1Eastern Bankshares, Inc. will be added to the S&P SmallCap 600 Index effective prior to the opening of trading on June 22, 2026.

2First Advantage Corporation will replace Kennedy-Wilson Holdings Inc. in the S&P SmallCap 600 effective June 16, 2026.

3Kennedy-Wilson is being removed following its acquisition by a consortium led by its CEO and Fairfax Financial Holdings.

In a move reflecting the periodic rebalancing of U.S. market benchmarks, S&P Dow Jones Indices announced upcoming changes to the S&P SmallCap 600 Index. Eastern Bankshares, Inc. is set to join the index effective prior to the opening of trading on June 22, 2026. Additionally, First Advantage Corporation will replace Kennedy-Wilson Holdings Inc. effective June 16, 2026, as the latter is removed following its acquisition by a consortium led by its CEO and Fairfax Financial Holdings.

Index inclusions typically trigger institutional buying from passive funds seeking to mirror the benchmark's composition. According to market data, EBC closed at $20.46 and FA at $15.84 on June 10, 2026. In the context of the acquisition, Fairfax Financial (FRFHF) showed stability closing at $1630.04, while the target Kennedy-Wilson (KW) closed at $11.03 on the same date, reflecting investor alignment with the acquisition terms as reported in financial filings.

Traders should watch for increased volatility near the effective dates of June 16 and June 22, noting that EBC reached a recent high of $21.04 and FA hit $16.24 as of the June 10, 2026 close. While no major central bank meetings are scheduled for these specific firms in the immediate calendar, broader market sentiment will continue to be shaped by U.S. macroeconomic data which may influence small-cap valuations during the transition period.