S&P 500 adds Under Armour, Navient

Under Armour (UA) and Navient (NAVIV) are added to the S&P 500 index, effective April 30.

Out of the index are SLM Corp. (SLM), which is splitting into two companies - Navient, and a consumer banking operation that will continue under the Sallie Mae brand - and Beam (BEAM), which was acquired by Suntory Holdings.

SLM moves for now to the S&P MidCap 400, ousting Alpha Natural Resources (ANR).

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