Keefe Bruyette & Woods: S&P Weekly Financial Share Changes

Keefe Bruyette & Woods says, “After the close on Wed. 8/25, S&P announced weekly sharecount changes that will be effective after the close on Wed., 9/1.” “S&P is increasing the investable weight factor (

) and sharecount of First BanCorp

in the S&P 600 Index. We estimate the amount of shares that need to be bought by S&P index funds as a result of these IWF and sharecount increases,” the analysts add.