Globe Newswire 14-Sep-2018 9:00 PM
NEW YORK, Sept. 14, 2018 (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. (NYSE:SF), announces the upcoming index rebalancing for the third quarter of 2018.
This quarter, there are constituent changes within two of our indexes - the KBW Nasdaq Financial Technology Index (TICKER:KFTX), and the KBW Nasdaq Regional Banking Index (TICKER:KRX). These changes will be effective prior to the opening of business on Monday, September 24, 2018.
As part of this rebalancing, below are the component level changes across the indices:
Adds (1): On Deck Capital, Inc. (NYSE:ONDK)
Deletes (1): The Dun & Bradstreet Corporation (NYSE:DNB)
Adds (1): United Community Banks, Inc. of Georgia (NASDAQ:UCBI)
Deletes (1): MB Financial, Inc. (NASDAQ:MBFI)
Several of the KBW Nasdaq indices have tradable exchange-traded funds licensed: KBW Nasdaq Bank Index (TICKER:BKX, NASDAQ:KBWB); KBW Nasdaq Capital Markets Index (TICKER:KSX); KBW Nasdaq Insurance Index (TICKER:KIX); KBW Nasdaq Regional Banking Index (TICKER:KRX, NASDAQ:KBWR); KBW Nasdaq Financial Sector Dividend Yield Index (TICKER:KDX, NASDAQ:KBWD); KBW Nasdaq Premium Yield Equity REIT Index (TICKER:KYX, NASDAQ:KBWY); KBW Nasdaq Property and Casualty Insurance Index (TICKER:KPX, NASDAQ:KBWP); KBW Nasdaq Global Bank Index (TICKER:GBKX); KBW Nasdaq Financial Technology Index (TICKER:KFTX, NASDAQ:FTEK).
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
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