NEW YORK, March 11, Mar 11, 2022 (GLOBE NEWSWIRE via COMTEX) --
NEW YORK, March 11, 2022 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp.
, announces the upcoming index rebalancing for the first quarter of 2022.
This quarter, there are constituent changes within one of our indexes: the KBW Nasdaq Financial Technology Index (index ticker:KFTX)(etf ticker:FTEK.LN).
These changes will be effective prior to the opening of business on Monday, March 21, 2022.
As part of this rebalancing, below are the component level changes across impacted indices:
KBW Nasdaq Financial Technology Index (index ticker:KFTX)(etf ticker:FTEK.LN)
TheCharles Schwab Corporation
Silvergate Capital Corporation /zigman2/quotes/214908078/composite SI
Bottomline Technologies, Inc.
Root, Inc. /zigman2/quotes/222112775/composite ROOT
EPAY's removal is due to its involvement as target in a pending acquisition.
ROOT failed to meet the minimum market capitalization and pricing required for continued index inclusion.
Several of the KBW Nasdaq indices have tradable exchange�?�traded funds licensed: KBW Nasdaq Bank Index (Index Ticker: BKX
, ETF Ticker: KBWB
); KBW Nasdaq Capital Markets Index (Index Ticker: KSX
); KBW Nasdaq Insurance Index (Index Ticker: KIX
); KBW Nasdaq Regional Banking Index (Index Ticker: KRX
, ETF Ticker: KBWR
); KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX
, ETF Ticker: KBWD
); KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX
, ETF Ticker: KBWY
); KBW Nasdaq Property and Casualty Insurance Index (Index Ticker: KPX
, ETF Ticker: KBWP
); KBW Nasdaq Global Bank Index (Index Ticker: GBKX
); KBW Nasdaq Financial Technology Index (Index Ticker: KFTX
, ETF Ticker: FTEK.LN
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.
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.
Neil Shapiro, (212) 271-3447
Is there a problem with this press release? Contact the source provider Comtex at firstname.lastname@example.org. You can also contact MarketWatch Customer Service via our Customer Center.
(C) Copyright 2022 GlobeNewswire, Inc. All rights reserved.