NEW YORK, Dec. 11, 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 fourth quarter of 2020.
This quarter, there are constituent changes within three of our indexes: the KBW Nasdaq Financial Sector Dividend Yield Index KDXKBWD, the KBW Nasdaq Insurance Index KIX, and the KBW Nasdaq Premium Yield Equity REIT Index KYXKBWY.
There are also a number of changes to the two modified-dividend-yield-weighted indexes, KDX and 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 21, 2020.
As part of this rebalancing, below are the component level changes across various indices:
KBW Nasdaq Financial Sector Dividend Yield Index KDXKBWD | ||
Add (14): | Arbor Realty Trust, Inc. ABR | |
Ares Capital Corporation ARCC | ||
Ares Commercial Real Estate Corporation ACRE | ||
Bain Capital Specialty Finance, Inc. BCSF | ||
Capstead Mortgage Corporation CMO | ||
Chimera Investment Corporation CIM | ||
Flushing Financial Corporation FFIC | ||
Franklin Resources, Inc. BEN | ||
Goldman Sachs BDC, Inc. GSBD | ||
Hercules Capital, Inc. HTGC | ||
Heritage Commerce Corp HTBK | ||
Northwest Bancshares, Inc. NWBI | ||
Provident Financial Services, Inc. PFS | ||
Starwood Property Trust, Inc. STWD | ||
Delete (14): | AGNC Investment Corp. AGNC | |
Ares Management Corporation ARES | ||
The Bank of N.T. Butterfield & Son Ltd. NTB | ||
BGC Partners, Inc. BGCP | ||
Dynex Capital, Inc. DX | ||
Hanmi Financial Corporation HAFC | ||
Invesco Ltd. IVZ | ||
Invesco Mortgage Capital Inc. IVR | ||
New Residential Investment Corp. NRZ | ||
Oxford Square Capital Corp. OXSQ | ||
PacWest Bancorp PACW | ||
PennantPark Investment Corporation PNNT | ||
People's United Financial, Inc. PBCT | ||
Two Harbors Investment Corp. TWO | ||
KBW Nasdaq Insurance Index KIX | ||
Add (1): | Equitable Holdings, Inc. EQH | |
Delete (1): | Willis Towers Watson Public Limited Company WLTW | |
KBW Nasdaq Premium Yield Equity REIT Index KYXKBWY | ||
Add (10): | CareTrust REIT, Inc. CTRE | |
CatchMark Timber Trust, Inc. CTT | ||
Essential Properties Realty Trust, Inc. EPRT | ||
Lexington Realty Trust LXP | ||
Monmouth Real Estate Investment Corporation MNR | ||
Physicians Realty Trust DOC | ||
Plymouth Industrial REIT, Inc. PLYM | ||
Spirit Realty Capital, Inc. SRC | ||
UMH Properties, Inc. UMH | ||
Washington Real Estate Investment Trust WRE | ||
Delete (10): | Diversified Healthcare Trust DHC | |
Lamar Advertising Company LAMR | ||
The Macerich Company MAC | ||
Mack-Cali Realty Corporation CLI | ||
New Senior Investment Group Inc. SNR | ||
RLJ Lodging Trust RLJ | ||
Service Properties Trust SVC | ||
STORE Capital Corporation STOR | ||
Vornado Realty Trust VNO | ||
Whitestone REIT WSR |
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 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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