NEW YORK, March 12, 2021 (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 first quarter of 2021.
This quarter, there are constituent changes within four of our indexes: the KBW Nasdaq Bank Index BKXKBWB; the KBW Nasdaq Capital Markets Index KSX; the KBW Nasdaq Financial Technology Index KFTXFTEK and the KBW Nasdaq Regional Banking Index KRXKBWR.
These changes will be effective prior to the opening of business on Monday, March 22, 2021.
As part of this rebalancing, below are the component level changes across various indices:
KBW Nasdaq Bank Index BKXKBWB
| Add (1): | Signature Bank SBNY |
| Delete (1): | CIT Group Inc. CIT |
KBW Nasdaq Capital Markets Index KSX
| Add (1): | Brookfield Asset Management Inc. BAM |
Note that BAM replaces EV which was removed from the Index after the close on 2/26/21 due to the closing of its acquisition by Morgan Stanley MS.
KBW Nasdaq Financial Technology Index KFTXFTEK
| Add (3): | Duck Creek Technologies, Inc. DCT |
| Lemonade, Inc. LMND | |
| Root, Inc. ROOT | |
| Delete (3): | Cardtronics plc CATM |
| CoreLogic, Inc. CLGX | |
| RealPage, Inc. RP |
KBW Nasdaq Regional Banking Index KRXKBWR
| Add (2): | Eastern Bankshares, Inc. EBC |
| Flagstar Bancorp, Inc. FBC | |
| Delete (2): | Signature Bank SBNY |
| TCF Financial Corporation TCF |
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
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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