Investor Alert

New York Markets Open in:

press release

Dec. 11, 2020, 9:00 p.m. EST

KBW Announces Index Rebalancing for Fourth-Quarter 2020

NEW YORK, Dec 11, 2020 (GLOBE NEWSWIRE via COMTEX) -- 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. /zigman2/quotes/204823339/composite SF +0.62% , 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 (index ticker:KDX)(etf ticker:KBWD), the KBW Nasdaq Insurance Index (index ticker:KIX), and the KBW Nasdaq Premium Yield Equity REIT Index (index ticker:KYX)(etf ticker:KBWY).

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 (index ticker:KDX)(etf ticker:KBWD)
Add (14): Arbor Realty Trust, Inc. /zigman2/quotes/208546438/composite ABR
Ares Capital Corporation /zigman2/quotes/204858389/composite ARCC
Ares Commercial Real Estate Corporation /zigman2/quotes/200144215/composite ACRE
Bain Capital Specialty Finance, Inc. /zigman2/quotes/202056339/composite BCSF
Capstead Mortgage Corporation
Chimera Investment Corporation /zigman2/quotes/200216905/composite CIM
Flushing Financial Corporation /zigman2/quotes/205378453/composite FFIC
Franklin Resources, Inc. /zigman2/quotes/201997162/composite BEN
Goldman Sachs BDC, Inc. /zigman2/quotes/206963887/composite GSBD
Hercules Capital, Inc. /zigman2/quotes/207334601/composite HTGC
Heritage Commerce Corp /zigman2/quotes/208278613/composite HTBK
Northwest Bancshares, Inc. (nasdq:NWBI)
Provident Financial Services, Inc. /zigman2/quotes/207499634/composite PFS
Starwood Property Trust, Inc. /zigman2/quotes/202642684/composite STWD
Delete (14): AGNC Investment Corp. /zigman2/quotes/203716359/composite AGNC
Ares Management Corporation /zigman2/quotes/202624618/composite ARES
The Bank of N.T. Butterfield & Son Ltd. /zigman2/quotes/207235295/composite NTB
BGC Partners, Inc. /zigman2/quotes/208323538/composite BGCP
Dynex Capital, Inc. /zigman2/quotes/206612143/composite DX
Hanmi Financial Corporation /zigman2/quotes/206308765/composite HAFC
Invesco Ltd. /zigman2/quotes/200294387/composite IVZ
Invesco Mortgage Capital Inc. /zigman2/quotes/202694174/composite IVR
New Residential Investment Corp. /zigman2/quotes/203592214/composite NRZ
Oxford Square Capital Corp. /zigman2/quotes/209674225/composite OXSQ
PacWest Bancorp /zigman2/quotes/205622697/composite PACW
PennantPark Investment Corporation /zigman2/quotes/206723965/composite PNNT
People's United Financial, Inc. /zigman2/quotes/200304796/composite PBCT
Two Harbors Investment Corp. /zigman2/quotes/200156917/composite TWO
KBW Nasdaq Insurance Index (index ticker:KIX)
Add (1): Equitable Holdings, Inc. /zigman2/quotes/203165158/composite EQH
Delete (1): Willis Towers Watson Public Limited Company /zigman2/quotes/202694274/composite WLTW
KBW Nasdaq Premium Yield Equity REIT Index (index ticker:KYX)(etf ticker:KBWY)
Add (10): CareTrust REIT, Inc. /zigman2/quotes/203738202/composite CTRE
CatchMark Timber Trust, Inc. /zigman2/quotes/202675836/composite CTT
Essential Properties Realty Trust, Inc. /zigman2/quotes/201087859/composite EPRT
Lexington Realty Trust /zigman2/quotes/201674751/composite LXP
Monmouth Real Estate Investment Corporation /zigman2/quotes/201415673/composite MNR
Physicians Realty Trust /zigman2/quotes/203550777/composite DOC
Plymouth Industrial REIT, Inc. /zigman2/quotes/206716134/composite PLYM
Spirit Realty Capital, Inc. /zigman2/quotes/206926464/composite SRC
UMH Properties, Inc. /zigman2/quotes/208875946/composite UMH
Washington Real Estate Investment Trust /zigman2/quotes/204904853/composite WRE
Delete (10): Diversified Healthcare Trust /zigman2/quotes/204636982/composite DHC
Lamar Advertising Company /zigman2/quotes/200816636/composite LAMR
The Macerich Company /zigman2/quotes/203054096/composite MAC
Mack-Cali Realty Corporation /zigman2/quotes/200898230/composite CLI
New Senior Investment Group Inc.
RLJ Lodging Trust /zigman2/quotes/205534072/composite RLJ
Service Properties Trust /zigman2/quotes/208127211/composite SVC
STORE Capital Corporation /zigman2/quotes/204201694/composite STOR
Vornado Realty Trust /zigman2/quotes/207195881/composite VNO
Whitestone REIT /zigman2/quotes/200491804/composite WSR

Several of the KBW Nasdaq indices have tradable exchange�?�traded funds licensed: KBW Nasdaq Bank Index (Index Ticker: BKX [SM] , ETF Ticker: KBWB [SM] ); KBW Nasdaq Capital Markets Index (Index Ticker: KSX [SM] ); KBW Nasdaq Insurance Index (Index Ticker: KIX [SM] ); KBW Nasdaq Regional Banking Index (Index Ticker: KRX [SM] , ETF Ticker: KBWR [SM] ); KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX [SM] , ETF Ticker: KBWD [SM] ); KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX [SM] , ETF Ticker: KBWY [SM] ); KBW Nasdaq Property and Casualty Insurance Index (Index Ticker: KPX [SM] , ETF Ticker: KBWP [SM] ); KBW Nasdaq Global Bank Index (Index Ticker: GBKX [SM] ); KBW Nasdaq Financial Technology Index (Index Ticker: KFTX [SM] , ETF Ticker: FTEK.LN [SM] ).

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

COMTEX_375979366/2471/2020-12-11T21:00:11

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

(C) Copyright 2020 GlobeNewswire, Inc. All rights reserved.

/zigman2/quotes/204823339/composite
US : U.S.: NYSE
$ 73.25
+0.45 +0.62%
Volume: 460,190
Nov. 29, 2021 4:00p
P/E Ratio
12.03
Dividend Yield
0.82%
Market Cap
$7.59 billion
Rev. per Employee
$450,194
loading...
/zigman2/quotes/208546438/composite
US : U.S.: NYSE
$ 18.06
-0.05 -0.28%
Volume: 1.45M
Nov. 29, 2021 4:00p
P/E Ratio
7.64
Dividend Yield
7.64%
Market Cap
$2.73 billion
Rev. per Employee
$1.30M
loading...
/zigman2/quotes/204858389/composite
US : U.S.: Nasdaq
$ 20.41
+0.06 +0.29%
Volume: 2.86M
Nov. 29, 2021 4:00p
P/E Ratio
5.69
Dividend Yield
8.04%
Market Cap
$9.38 billion
Rev. per Employee
$929,655
loading...
/zigman2/quotes/200144215/composite
US : U.S.: NYSE
$ 15.12
-0.01 -0.07%
Volume: 473,219
Nov. 29, 2021 4:00p
P/E Ratio
9.95
Dividend Yield
8.73%
Market Cap
$711.14 million
Rev. per Employee
$90,094
loading...
/zigman2/quotes/202056339/composite
US : U.S.: NYSE
$ 15.28
+0.20 +1.33%
Volume: 170,588
Nov. 29, 2021 4:00p
P/E Ratio
7.20
Dividend Yield
8.90%
Market Cap
$973.60 million
Rev. per Employee
N/A
loading...
/zigman2/quotes/200216905/composite
US : U.S.: NYSE
$ 16.24
-0.19 -1.16%
Volume: 2.38M
Nov. 29, 2021 4:00p
P/E Ratio
5.43
Dividend Yield
8.13%
Market Cap
$3.89 billion
Rev. per Employee
$16.88M
loading...
/zigman2/quotes/205378453/composite
US : U.S.: Nasdaq
$ 23.75
0.00 0.00%
Volume: 248,309
Nov. 29, 2021 4:00p
P/E Ratio
11.16
Dividend Yield
3.54%
Market Cap
$728.56 million
Rev. per Employee
$523,540
loading...
/zigman2/quotes/201997162/composite
US : U.S.: NYSE
$ 33.75
+0.61 +1.84%
Volume: 1.95M
Nov. 29, 2021 4:00p
P/E Ratio
9.44
Dividend Yield
3.32%
Market Cap
$16.63 billion
Rev. per Employee
$826,835
loading...
/zigman2/quotes/206963887/composite
US : U.S.: NYSE
$ 19.02
+0.11 +0.58%
Volume: 459,621
Nov. 29, 2021 4:00p
P/E Ratio
5.69
Dividend Yield
9.46%
Market Cap
$1.93 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/207334601/composite
US : U.S.: NYSE
$ 16.54
-0.03 -0.18%
Volume: 726,065
Nov. 29, 2021 4:00p
P/E Ratio
6.07
Dividend Yield
7.98%
Market Cap
$1.92 billion
Rev. per Employee
$2.82M
loading...
/zigman2/quotes/208278613/composite
US : U.S.: Nasdaq
$ 11.07
-0.08 -0.72%
Volume: 127,083
Nov. 29, 2021 4:00p
P/E Ratio
14.77
Dividend Yield
4.70%
Market Cap
$672.01 million
Rev. per Employee
$478,785
loading...
/zigman2/quotes/207499634/composite
US : U.S.: NYSE
$ 24.08
-0.16 -0.66%
Volume: 276,403
Nov. 29, 2021 4:00p
P/E Ratio
10.79
Dividend Yield
3.99%
Market Cap
$1.88 billion
Rev. per Employee
$370,679
loading...
/zigman2/quotes/202642684/composite
US : U.S.: NYSE
$ 25.70
+0.03 +0.12%
Volume: 1.46M
Nov. 29, 2021 4:00p
P/E Ratio
16.36
Dividend Yield
7.47%
Market Cap
$7.41 billion
Rev. per Employee
$4.03M
loading...
/zigman2/quotes/203716359/composite
US : U.S.: Nasdaq
$ 15.83
+0.04 +0.25%
Volume: 6.86M
Nov. 29, 2021 4:00p
P/E Ratio
5.92
Dividend Yield
9.10%
Market Cap
$8.35 billion
Rev. per Employee
$6.82M
loading...
/zigman2/quotes/202624618/composite
US : U.S.: NYSE
$ 82.23
+0.06 +0.07%
Volume: 545,418
Nov. 29, 2021 4:00p
P/E Ratio
42.14
Dividend Yield
2.29%
Market Cap
$23.53 billion
Rev. per Employee
$1.14M
loading...
/zigman2/quotes/207235295/composite
US : U.S.: NYSE
$ 36.99
-1.31 -3.42%
Volume: 113,067
Nov. 29, 2021 4:00p
P/E Ratio
11.31
Dividend Yield
4.76%
Market Cap
$2.03 billion
Rev. per Employee
$408,304
loading...
/zigman2/quotes/208323538/composite
US : U.S.: Nasdaq
$ 4.60
+0.01 +0.22%
Volume: 3.26M
Nov. 29, 2021 4:00p
P/E Ratio
37.70
Dividend Yield
0.87%
Market Cap
$1.69 billion
Rev. per Employee
$410,492
loading...
/zigman2/quotes/206612143/composite
US : U.S.: NYSE
$ 17.15
0.00 0.00%
Volume: 884,475
Nov. 29, 2021 4:00p
P/E Ratio
3.64
Dividend Yield
9.10%
Market Cap
$628.82 million
Rev. per Employee
$12.22M
loading...
/zigman2/quotes/206308765/composite
US : U.S.: Nasdaq
$ 22.93
-0.01 -0.04%
Volume: 156,667
Nov. 29, 2021 4:00p
P/E Ratio
8.85
Dividend Yield
3.49%
Market Cap
$697.56 million
Rev. per Employee
$441,234
loading...
/zigman2/quotes/200294387/composite
US : U.S.: NYSE
$ 23.24
+0.11 +0.48%
Volume: 3.99M
Nov. 29, 2021 4:03p
P/E Ratio
9.19
Dividend Yield
2.93%
Market Cap
$10.67 billion
Rev. per Employee
$726,598
loading...
/zigman2/quotes/202694174/composite
US : U.S.: NYSE
$ 3.07
-0.01 -0.32%
Volume: 6.45M
Nov. 29, 2021 4:00p
P/E Ratio
9.44
Dividend Yield
11.73%
Market Cap
$960.16 million
Rev. per Employee
N/A
loading...
/zigman2/quotes/203592214/composite
US : U.S.: NYSE
$ 11.03
+0.02 +0.18%
Volume: 3.39M
Nov. 29, 2021 4:00p
P/E Ratio
8.07
Dividend Yield
9.07%
Market Cap
$5.14 billion
Rev. per Employee
$258,333
loading...
/zigman2/quotes/209674225/composite
US : U.S.: Nasdaq
$ 4.10
-0.01 -0.24%
Volume: 202,019
Nov. 29, 2021 4:00p
P/E Ratio
2.57
Dividend Yield
10.24%
Market Cap
$204.08 million
Rev. per Employee
N/A
loading...
/zigman2/quotes/205622697/composite
US : U.S.: Nasdaq
$ 46.10
-0.18 -0.39%
Volume: 469,590
Nov. 29, 2021 4:00p
P/E Ratio
9.32
Dividend Yield
2.17%
Market Cap
$5.53 billion
Rev. per Employee
$722,427
loading...
/zigman2/quotes/206723965/composite
US : U.S.: Nasdaq
$ 6.97
-0.03 -0.43%
Volume: 135,580
Nov. 29, 2021 4:00p
P/E Ratio
2.80
Dividend Yield
6.89%
Market Cap
$469.31 million
Rev. per Employee
N/A
loading...
/zigman2/quotes/200304796/composite
US : U.S.: Nasdaq
$ 17.73
-0.09 -0.51%
Volume: 5.51M
Nov. 29, 2021 4:00p
P/E Ratio
11.56
Dividend Yield
4.12%
Market Cap
$7.63 billion
Rev. per Employee
$370,603
loading...
/zigman2/quotes/200156917/composite
US : U.S.: NYSE
$ 6.02
+0.03 +0.50%
Volume: 5.15M
Nov. 29, 2021 4:00p
P/E Ratio
5.76
Dividend Yield
11.30%
Market Cap
$2.06 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/203165158/composite
US : U.S.: NYSE
$ 32.24
-0.21 -0.65%
Volume: 3.82M
Nov. 29, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
2.23%
Market Cap
$13.13 billion
Rev. per Employee
$1.57M
loading...
/zigman2/quotes/202694274/composite
US : U.S.: Nasdaq
$ 230.39
+1.40 +0.61%
Volume: 1.54M
Nov. 29, 2021 4:00p
P/E Ratio
13.01
Dividend Yield
1.39%
Market Cap
$28.53 billion
Rev. per Employee
$203,232
loading...
/zigman2/quotes/203738202/composite
US : U.S.: Nasdaq
$ 20.18
+0.35 +1.77%
Volume: 1.03M
Nov. 29, 2021 4:00p
P/E Ratio
25.98
Dividend Yield
5.25%
Market Cap
$1.92 billion
Rev. per Employee
$11.89M
loading...
/zigman2/quotes/202675836/composite
US : U.S.: NYSE
$ 7.79
-0.08 -0.95%
Volume: 832,189
Nov. 29, 2021 4:00p
P/E Ratio
17.61
Dividend Yield
3.85%
Market Cap
$388.17 million
Rev. per Employee
$4.17M
loading...
/zigman2/quotes/201087859/composite
US : U.S.: NYSE
$ 27.37
+0.12 +0.44%
Volume: 936,159
Nov. 29, 2021 4:00p
P/E Ratio
154.98
Dividend Yield
3.65%
Market Cap
$3.33 billion
Rev. per Employee
$4.98M
loading...
/zigman2/quotes/201674751/composite
US : U.S.: NYSE
$ 15.05
+0.02 +0.13%
Volume: 2.29M
Nov. 29, 2021 4:00p
P/E Ratio
19.38
Dividend Yield
3.19%
Market Cap
$4.26 billion
Rev. per Employee
$6.01M
loading...
/zigman2/quotes/201415673/composite
US : U.S.: NYSE
$ 20.77
+0.01 +0.05%
Volume: 2.51M
Nov. 29, 2021 4:00p
P/E Ratio
45.64
Dividend Yield
3.47%
Market Cap
$2.04 billion
Rev. per Employee
$13.08M
loading...
/zigman2/quotes/203550777/composite
US : U.S.: NYSE
$ 18.11
-0.05 -0.28%
Volume: 2.03M
Nov. 29, 2021 4:00p
P/E Ratio
52.25
Dividend Yield
5.08%
Market Cap
$4.00 billion
Rev. per Employee
$5.42M
loading...
/zigman2/quotes/206716134/composite
US : U.S.: NYSE
$ 30.48
+0.63 +2.11%
Volume: 428,665
Nov. 29, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
2.76%
Market Cap
$1.05 billion
Rev. per Employee
$4.58M
loading...
/zigman2/quotes/206926464/composite
US : U.S.: NYSE
$ 45.80
+0.30 +0.66%
Volume: 731,306
Nov. 29, 2021 4:00p
P/E Ratio
36.41
Dividend Yield
5.57%
Market Cap
$5.61 billion
Rev. per Employee
$5.86M
loading...
/zigman2/quotes/208875946/composite
US : U.S.: NYSE
$ 23.19
+0.08 +0.35%
Volume: 273,039
Nov. 29, 2021 4:00p
P/E Ratio
36.29
Dividend Yield
3.28%
Market Cap
$1.13 billion
Rev. per Employee
$371,839
loading...
/zigman2/quotes/204904853/composite
US : U.S.: NYSE
$ 25.61
+0.16 +0.63%
Volume: 696,141
Nov. 29, 2021 4:00p
P/E Ratio
190.98
Dividend Yield
2.66%
Market Cap
$2.15 billion
Rev. per Employee
$2.63M
loading...
/zigman2/quotes/204636982/composite
US : U.S.: Nasdaq
$ 2.83
-0.02 -0.70%
Volume: 1.69M
Nov. 29, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
1.41%
Market Cap
$681.14 million
Rev. per Employee
N/A
loading...
/zigman2/quotes/200816636/composite
US : U.S.: Nasdaq
$ 112.11
+0.78 +0.70%
Volume: 315,880
Nov. 29, 2021 4:00p
P/E Ratio
30.41
Dividend Yield
3.57%
Market Cap
$11.27 billion
Rev. per Employee
$475,411
loading...
/zigman2/quotes/203054096/composite
US : U.S.: NYSE
$ 19.81
+0.13 +0.66%
Volume: 2.49M
Nov. 29, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
3.03%
Market Cap
$4.39 billion
Rev. per Employee
$1.17M
loading...
/zigman2/quotes/200898230/composite
US : U.S.: NYSE
$ 17.09
-0.44 -2.51%
Volume: 1.40M
Nov. 29, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$1.59 billion
Rev. per Employee
$1.22M
loading...
/zigman2/quotes/205534072/composite
US : U.S.: NYSE
$ 12.91
+0.16 +1.25%
Volume: 1.41M
Nov. 29, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.31%
Market Cap
$2.12 billion
Rev. per Employee
$6.14M
loading...
/zigman2/quotes/208127211/composite
US : U.S.: Nasdaq
$ 8.94
-0.06 -0.61%
Volume: 2.02M
Nov. 29, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.45%
Market Cap
$1.49 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/204201694/composite
US : U.S.: NYSE
$ 33.74
+0.63 +1.90%
Volume: 2.32M
Nov. 29, 2021 4:00p
P/E Ratio
36.61
Dividend Yield
4.56%
Market Cap
$9.03 billion
Rev. per Employee
$6.00M
loading...
/zigman2/quotes/207195881/composite
US : U.S.: NYSE
$ 41.58
-0.57 -1.35%
Volume: 1.16M
Nov. 29, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
5.10%
Market Cap
$8.67 billion
Rev. per Employee
$527,061
loading...
/zigman2/quotes/200491804/composite
US : U.S.: NYSE
$ 9.47
+0.01 +0.11%
Volume: 467,883
Nov. 29, 2021 4:00p
P/E Ratio
39.51
Dividend Yield
4.54%
Market Cap
$464.61 million
Rev. per Employee
$1.40M
loading...

Partner Center

Link to MarketWatch's Slice.