KBW Announces Index Rebalancing for First-Quarter 2019


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NEW YORK, March 08, 2019 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a full‐service, boutique investment bank and broker‐dealer that specializes in the financial services sector, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the first quarter of 2019.

This quarter there are constituent changes within three of our indexes, including the KBW Nasdaq Capital Markets Index (TICKER:KSX), the KBW Nasdaq Premium Yield Equity REIT Index (TICKER:KYX), and the KBW Nasdaq Property & Casualty Insurance Index (TICKER:KPX). 

These changes will be effective prior to the opening of business on Monday, March 18, 2019.

As part of this rebalancing, below are the component level changes across various indices:  

KBW Nasdaq Capital Markets Index (TICKER:KSX) 

Add (1):          LPL Financial Holdings, Inc. (NASDAQ:LPLA)
           
KBW Nasdaq Premium Yield Equity REIT Index (TICKER:KYX, NASDAQ:KBWY)       
                       
Delete (1):       MedEquities Realty Trust, Inc. (NYSE:MRT)
                       
MRT failed to meet the dividend payment requirement for continued inclusion.

KBW Nasdaq Financial Property & Casualty Insurance Index (TICKER:KPX, NASDAQ:KBWP)

Add (1):          Horace Mann Educators Corporation (NYSE:HMN)

Several of the KBW Nasdaq indices have tradable exchange‐traded funds licensed: KBW Nasdaq Bank Index (TICKER:BKX, NASDAQ:KBWB); KBW Nasdaq Capital Markets Index (TICKER:KSX); KBW Nasdaq Insurance Index (TICKER:KIX); KBW Nasdaq Regional Banking Index (TICKER:KRX, NASDAQ:KBWR); KBW Nasdaq Financial Sector Dividend Yield Index (TICKER:KDX, NASDAQ:KBWD); KBW Nasdaq Premium Yield Equity REIT Index (TICKER:KYX, NASDAQ:KBWY); KBW Nasdaq Property and Casualty Insurance Index (TICKER:KPX, NASDAQ:KBWP); KBW Nasdaq Global Bank Index (TICKER:GBKX); KBW Nasdaq Financial Technology Index (TICKER:KFTX, NASDAQ:FTEK).

Not all of the listed securities may be suitable for retail investors; in addition, not all of the listed securities may be available to U.S. investors. European investors interested in FTEK LN can contact Invesco at https://etf.invesco.com/gb/private/en/product/invesco-kbw-nasdaq-fintech-ucits-etf-acc/trading-information. U.S. investors cannot buy or hold FTEK LN. An investor cannot invest directly in an index.

About KBW
KBW (Keefe, Bruyette & Woods, Inc., operating in the U.S., and Stifel Nicolaus Europe Limited, also trading as Keefe, Bruyette & Woods Europe, operating in Europe) is a Stifel company. Over the years, KBW has established itself as a leading independent authority in the banking, insurance, brokerage, asset management, mortgage banking and specialty finance sectors. Founded in 1962, the firm maintains industry‐leading positions in the areas of research, corporate finance, mergers and acquisitions as well as sales and trading in equities securities of financial services companies.

Media Contact
Neil Shapiro, (212) 271-3447
shapiron@stifel.com


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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