BroadVision will replace
( PWJ), which is being taken over by Swiss bank giant
S&P 500 index funds will have to buy about 17 million shares of BroadVision when it is added to the index after the close on Monday, according to
Typically, some traders will buy a stock ahead of its addition to the S&P. Moreover, index funds will contract with brokerages to amass shares for delivery on the addition date.