NEW YORK, June 12, 2020 (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. SF, announces the upcoming index rebalancing for the second quarter of 2020.
This quarter, there are constituent changes within five of our indexes, including the KBW Nasdaq Bank Index (BKXKBWB, KBW Nasdaq Capital Markets Index KSX, KBW Nasdaq Financial Sector Dividend Yield Index KDXKBWD, KBW Nasdaq Premium Yield Equity REIT Index KYXKBWY, and KBW Nasdaq Regional Banking Index KRXKBWR.
These changes will be effective prior to the opening of business on Monday, June 22, 2020.
As part of this rebalancing, below are the component level changes across various indices:
KBW Nasdaq Bank Index (BKXKBWB
Add (1): First Horizon National Corporation FHN
Delete (1): New York Community Bancorp, Inc. NYCB
KBW Nasdaq Capital Markets Index KSX
Add (2): MarketAxess Holdings, Inc. MKTX
The Blackstone Group, Inc. BX
Delete (2): Legg Mason, Inc. LM
TD Ameritrade Holding Corporation AMTD
KBW Nasdaq Financial Sector Dividend Yield Index KDXKBWD
Add (3): Ares Management Corporation ARES
People's United Financial, Inc. PBCT
Unum Group UNM
Delete (3): MFA Financial, Inc. MFA
New York Mortgage Trust, Inc. NYMT
Western Asset Mortgage Capital Corporation WMC
KBW Nasdaq Premium Yield Equity REIT Index KYXKBWY
Add (6): Columbia Property Trust, Inc. CXP
Lamar Advertising Company LAMR
SL Green Realty Corp. SLG
STAG Industrial, Inc. STAG
STORE Capital Corporation STOR
Vornado Realty Trust VNO
Delete (6): Apple Hospitality REIT Inc. APLE
Chatham Lodging Trust CLDT
CorePoint Lodging, Inc. CPLG
EPR Properties EPR
Hersha Hospitality Trust HT
Tanger Factory Outlet Centers, Inc. SKT
KBW Nasdaq Regional Banking Index KRXKBWR
Add (2): New York Community Bancorp, Inc. NYCB
South State Corporation SSB
Delete (1): First Horizon National Corporation FHN
Several of the KBW Nasdaq indices have tradable exchange‐traded funds licensed: KBW Nasdaq Bank Index (BKXKBWB; KBW Nasdaq Capital Markets Index KSX; KBW Nasdaq Insurance Index KIX; KBW Nasdaq Regional Banking Index KRXKBWR; KBW Nasdaq Financial Sector Dividend Yield Index KDXKBWD; KBW Nasdaq Premium Yield Equity REIT Index KYXKBWY; KBW Nasdaq Property and Casualty Insurance Index KPXKBWP; KBW Nasdaq Global Bank Index GBKX; KBW Nasdaq Financial Technology Index KFTXFTEK.
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, and capital raising as well as sales and trading in equities securities of financial services companies.
Media Contact
Neil Shapiro, (212) 271-3447
shapiron@stifel.com
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