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. SF, announces the upcoming index rebalancing for the fourth quarter of 2017.
This quarter there are constituent changes within five of our indexes, including the KBW Nasdaq Financial Sector Dividend Yield Index KDX, the KBW Nasdaq Global Bank Index (Index Ticker: GBKX), the KBW Nasdaq Premium Yield Equity REIT Index KYX, and the KBW Nasdaq Regional Banking Index KRX.
There are a number of changes to the two modified-dividend-yield-weighted indexes – KDX and the KYX – to adjust annually for relevant dividend yields and ensure the integrity of these indexes. Both KDX and KYX are specifically constructed to include those eligible companies with competitive dividend yields.
These changes will be effective prior to the opening of business on Monday, December 18, 2017.
As part of this rebalancing, below are the component level changes across various indices:
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KBW Nasdaq Financial Sector Dividend Yield Index KDXKBWD |
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Add (9): |
AmTrust Financial Services, Inc. AFSI |
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Apollo Commercial Real Estate Finance, Inc. ARI |
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Dynex Capital, Inc. DX |
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Janus Henderson Group Plc JHG |
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Newtek Business Services Corp. NEWT |
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Northwest Bancshares, Inc. NWBI |
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Oxford Lane Capital Corp. OXLC |
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Stellus Capital Investment Corporation SCM |
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United Bankshares, Inc. UBSI |
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Delete (9): |
Apollo Investment Corporation AINV |
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ARMOUR Residential REIT, Inc. ARR |
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First American Financial Corporation FAF |
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Gladstone Capital Corporation GLAD |
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Greenhill & Co., Inc. GHL |
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PennantPark Investment Corporation PNNT |
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Resource Capital Corp. RSO |
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Umpqua Holdings Corporation UMPQ |
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Waddell & Reed Financial, Inc. WDR |
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KBW Nasdaq Financial Technology Index KFTX |
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Add (1): |
Black Knight, Inc. BKI |
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KBW Nasdaq Global Bank Index (Index Ticker: GBKX) |
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Add (1): |
Royal Bank of Canada RY |
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KBW Nasdaq Premium Yield Equity REIT Index KYXKBWY |
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Add (10): |
Ashford Hospitality Prime, Inc. AHP |
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DDR Corp. DDR |
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EPR Properties EPR |
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Farmland Partners Inc. FPI |
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Hersha Hospitality Trust HT |
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Kite Realty Group Trust KRG |
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MedEquities Realty Trust, Inc. MRT |
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Pennsylvania Real Estate Investment Trust PEI |
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Ramco-Gershenson Properties Trust RPT |
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Tanger Factory Outlet Centers, Inc. SKT |
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Delete (9): |
CBL & Associates Properties, Inc. CBL |
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Global Medical REIT, Inc. GMRE |
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Gramercy Property Trust GPT |
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Investors Real Estate Trust IRET |
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MGM Growth Properties LLC Class A MGP |
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Preferred Apartment Communities, Inc. APTS |
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RLJ Lodging Trust RLJ |
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STAG Industrial, Inc. STAG |
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Xenia Hotels & Resorts, Inc. XHR |
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KBW Nasdaq Regional Banking Index (Index Ticker: KRX; ETF Ticker: KBWR) |
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Add (3): |
Chemical Financial Corp. CHFC |
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First Hawaiian, Inc. FHB |
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Home Bancshares, Inc. HOMB |
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Delete (3): |
BOK Financial Corp. BOKF |
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S&T Bancorp, Inc. STBA |
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Westamerica Bancorp WABC |
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BOKF, STBA, and WABC failed to meet the minimum monthly average daily trading volume requirement for continued inclusion.
Several of the KBW Nasdaq indices have tradable exchange‐traded funds licensed: KBW Nasdaq Bank Index (Index Ticker: BKXSM, ETF Ticker: KBWBSM); KBW Nasdaq Capital Markets Index (Index Ticker: KSXSM); KBW Nasdaq Insurance Index KIX; KBW Nasdaq Regional Banking Index (Index Ticker: KRXSM, ETF Tickers: KBWRSM); KBW Nasdaq Financial Sector Dividend Yield Index KDXKBWD; KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYXSM, ETF Ticker: KBWYSM); KBW Nasdaq Property and Casualty Insurance Index KPXKBWP; KBW Nasdaq Global Bank Index GBKX; KBW Nasdaq Financial Technology Index (Index Ticker: KFTXSM, ETF Ticker: FTEK.LNSM).
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171208005667/en/
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