NEW YORK, Dec 10, 2021 (GLOBE NEWSWIRE via COMTEX) --
NEW YORK, Dec. 10, 2021 (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.
/zigman2/quotes/204823339/composite SF
-0.70%
, announces the upcoming index rebalancing for the fourth quarter of 2021.
This quarter, there are constituent changes within five of our indexes: the KBW Nasdaq Capital Markets Index (index ticker:KSX), the KBW Nasdaq Financial Sector Dividend Yield Index (index ticker:KDX)(etf ticker:KBWD), the KBW Nasdaq Financial Technology Index (index ticker:KFTX)(etf ticker:FTEK.LN), the KBW Nasdaq Premium Yield Equity REIT Index (index ticker:KYX)(etf ticker:KBWY) and the KBW Nasdaq Regional Banking Index (index ticker:KRX)(etf ticker:KBWR).
There are a number of changes to the two modified-dividend-yield-weighted indexes - KDX and the 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 20, 2021.
As part of this rebalancing, below are the component level changes across impacted indices:
KBW Nasdaq Capital Markets Index (index ticker:KSX)
Add (1):Houlihan Lokey, Inc. /zigman2/quotes/204145582/composite HLI -0.48%
Delete (1): Greenhill & Co., Inc. /zigman2/quotes/201406268/composite GHL -3.81%
GHL failed to meet the minimum trading liquidity required for continued index inclusion.
KBW Nasdaq Financial Sector Dividend Yield Index (index ticker:KDX)(etf ticker:KBWD)
Add (18):
AGNC Investment Corp.
/zigman2/quotes/203716359/composite AGNC
-1.43%
B. Riley Financial, Inc.
/zigman2/quotes/207546924/composite RILY
+3.05%
The Bank of N.T. Butterfield & Son Limited
/zigman2/quotes/207235295/composite NTB
-1.83%
Broadmark Realty Capital Inc.
/zigman2/quotes/209575329/composite BRMK
-2.72%
Dynex Capital, Inc.
/zigman2/quotes/206612143/composite DX
-0.50%
Ellington Financial Inc.
/zigman2/quotes/204444332/composite EFC
-0.66%
James River Group Holdings, Ltd.
/zigman2/quotes/202205552/composite JRVR
-3.31%
New Residential Investment Corp.
/zigman2/quotes/203592214/composite NRZ
-0.92%
Oaktree Specialty Lending Corporation
/zigman2/quotes/204539121/composite OCSL
-1.01%
OneMain Holdings, Inc.
/zigman2/quotes/202909976/composite OMF
-2.63%
Owl Rock Capital Corporation
/zigman2/quotes/213256457/composite ORCC
-0.99%
Patria Investments Limited
/zigman2/quotes/224047348/composite PAX
+0.12%
Pennymac Mortgage Investment Trust
/zigman2/quotes/202067645/composite PMT
-0.39%
Ready Capital Corporation
/zigman2/quotes/204169771/composite RC
-0.69%
Sculptor Capital Management, Inc.
/zigman2/quotes/203051978/composite SCU
+2.13%
Two Harbors Investment Corp.
/zigman2/quotes/200156917/composite TWO
-0.20%
Universal Insurance Holdings, Inc.
/zigman2/quotes/209111151/composite UVE
-3.49%
Whitehorse Finance, Inc.
/zigman2/quotes/203759682/composite WHF
-1.59%
Delete (16):
Apollo Global Management, Inc.
/zigman2/quotes/203829595/composite APO
-0.72%
Arbor Realty Trust, Inc.
/zigman2/quotes/208546438/composite ABR
-1.71%
Ares Capital Corporation
/zigman2/quotes/204858389/composite ARCC
-0.70%
Ares Commercial Real Estate Corporation
/zigman2/quotes/200144215/composite ACRE
-0.28%
Chimera Investment Corporation
/zigman2/quotes/200216905/composite CIM
-1.07%
Flushing Financial Corporation
/zigman2/quotes/205378453/composite FFIC
-1.26%
Franklin Resources, Inc.
/zigman2/quotes/201997162/composite BEN
-0.48%
Hercules Capital, Inc.
/zigman2/quotes/207334601/composite HTGC
-3.63%
Janus Henderson Group Plc
/zigman2/quotes/200651900/composite JHG
-1.47%
Navient Corporation
/zigman2/quotes/204528402/composite NAVI
-0.26%
Orchid Island Capital, Inc.
/zigman2/quotes/208739595/composite ORC
-1.02%
Principal Financial Group, Inc.
/zigman2/quotes/201030797/composite PFG
-2.37%
Prospect Capital Corporation
/zigman2/quotes/207164072/composite PSEC
-0.65%
Starwood Property Trust, Inc.
/zigman2/quotes/202642684/composite STWD
-0.87%
Umpqua Holdings Corporation
/zigman2/quotes/203440669/composite UMPQ
-2.69%
Virtu Financial, Inc.
/zigman2/quotes/204693277/composite VIRT
+1.52%
KBW Nasdaq Financial Technology Index (index ticker:KFTX)(etf ticker:FTEK.LN)
Add (4):
Affirm Holdings, Inc.
/zigman2/quotes/223715966/composite AFRM
+5.15%
Bill.com Holdings, Inc.
/zigman2/quotes/215406166/composite BILL
+12.58%
Coinbase Global, Inc.
/zigman2/quotes/225893452/composite COIN
+6.96%
SoFi Technologies, Inc.
/zigman2/quotes/222838146/composite SOFI
+7.19%
Delete (2):
Alliance Data Systems Corporation
Loyalty Ventures Inc.
/zigman2/quotes/230562556/composite LYLT
+5.43%
ADS and LYLT are discretionary removals.
KBW Nasdaq Premium Yield Equity REIT Index (index ticker:KYX)(etf ticker:KBWY)
Add (12):
American Campus Communities, Inc.
/zigman2/quotes/207789729/composite ACC
-0.02%
Armada Hoffler Properties, Inc.
/zigman2/quotes/202277293/composite AHH
-0.91%
Easterly Government Properties, Inc.
/zigman2/quotes/209079809/composite DEA
-2.06%
EPR Properties
/zigman2/quotes/206791795/composite EPR
-0.24%
Four Corners Property Trust, Inc.
/zigman2/quotes/203480324/composite FCPT
-1.21%
Gaming and Leisure Properties, Inc.
/zigman2/quotes/202974631/composite GLPI
-0.72%
Getty Realty Corp.
/zigman2/quotes/209045962/composite GTY
-2.37%
Medical Properties Trust, Inc.
/zigman2/quotes/201233436/composite MPW
+0.06%
National Retail Properties, Inc.
/zigman2/quotes/205335487/composite NNN
-1.08%
Omega Healthcare Investors, Inc.
/zigman2/quotes/208032080/composite OHI
-3.79%
Store Capital Corporation
/zigman2/quotes/204201694/composite STOR
-2.07%
Urstadt Biddle Properties Inc.
/zigman2/quotes/204098539/composite UBA
-2.75%
Delete (8):
Catchmark Timber Trust, Inc.
/zigman2/quotes/202675836/composite CTT
-1.34%
City Office REIT, Inc.
/zigman2/quotes/203354150/composite CIO
-1.99%
Essential Properties Realty Trust, Inc. (NYSE: EPRT
Global Medical REIT Inc.
/zigman2/quotes/202466721/composite GMRE
-0.23%
Independence Realty Trust, Inc.
/zigman2/quotes/204304773/composite IRT
+0.54%
Physicians Realty Trust
/zigman2/quotes/203550777/composite DOC
-2.46%
Uniti Group Inc.
/zigman2/quotes/203478257/composite UNIT
-0.66%
Washington Real Estate Investment Trust
/zigman2/quotes/204904853/composite WRE
-1.24%
KBW Nasdaq Regional Banking Index (index ticker:KRX)(etf ticker:KBWR)
Add (2):Atlantic Union Bankshares Corporation
/zigman2/quotes/204636577/composite AUB
-1.35%
First Interstate Bancsystem, Inc.
/zigman2/quotes/208790106/composite FIBK
-1.65%
Delete (2): Investors Bancorp, Inc.
Umpqua Holdings Corporation
/zigman2/quotes/203440669/composite UMPQ
-2.69%
ISBC and UMPQ's removals are due to their involvement as targets in pending acquisitions.
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_398693255/2471/2021-12-10T20:30:46
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