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
fourth quarter of 2016.
This quarter there are a sizable number of changes to the two
modified-dividend-yield-weighted indexes – the KBW Nasdaq
Financial Sector Dividend Yield Index (Index Ticker: KDX) and
the KBW Nasdaq Premium Yield Equity REIT Index (Index
Ticker: 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 19,
2016.
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
(13):
Annaly Capital Management, Inc.
(NYSE:NLY)
BlackRock Capital Investment
Corporation (NASDAQ:BKCC)
CYS Investments, Inc.
(NYSE:CYS)
First American Financial Corporation
(NYSE:FAF)
Gladstone Capital Corporation
(NASDAQ:GLAD)
HCI Group, Inc. (NYSE:HCI)
Invesco Ltd. (NYSE:IVZ)
Lazard Ltd (NYSE:LAZ)
New York Community Bancorp, Inc.
(NYSE:NYCB)
Orchid Island Capital, Inc.
(NYSE:ORC)
PennyMac Mortgage Investment Trust
(NYSE:PMT)
Prospect Capital Corporation
(NASDAQ:PSEC)
Triton International Limited
(NYSE:TRTN)
Deletes
(10):
Altisource Residential Corp.
(NYSE:RESI)
Ares Capital Corp.
(NASDAQ:ARCC)
Hercules Capital Inc.
(NYSE:HTGC)
NorthStar Asset Management Group Inc.
(NYSE:NSAM)
Northwest Bancshares Inc.
(NASDAQ:NWBI)
Textainer Group Holdings Ltd.
(NYSE:TGH)
Triangle Capital Corp.
(NYSE:TCAP)
TrustCo Bank Corp NY
(NASDAQ:TRST)
Trustmark Corp. (NASDAQ:TRMK)
United Financial Bancorp Inc.
(NASDAQ:UBNK)
KBW Nasdaq
Financial Technology Index (Index Ticker: KFTX)
Add
(2):
WisdomTree Investments, Inc.
(NASDAQ:WETF)
LendingTree, Inc. (NASDAQ:TREE)
Delete:
Black Knight Financial Services, Inc.
(NYSE:BKFS)
BKFS failed to meet the minimum monthly
average daily trading volume requirement.
KBW Nasdaq
Insurance Index (Index Ticker: KIX)
Add:
Torchmark Corp. (NYSE:TMK)
Delete:
Genworth Financial Inc.
(NYSE:GNW)
KBW Nasdaq
Mortgage Finance Index (Index Ticker:MFX)
Effective after the close of business
on Friday, December 16, 2016, KBW and Nasdaq will cease the
calculation and dissemination of the KBW Nasdaq Mortgage Finance
Index.
KBW Nasdaq
Premium Yield Equity REIT Index (Index Ticker: KYX; ETF Ticker:
KBWY)
Add
(8):
Apple Hospitality REIT, Inc.
(NYSE:APLE)
Chatham Lodging Trust
(NYSE:CLDT)
Chesapeake Lodging Trust
(NYSE:CHSP)
Global Medical REIT Inc.
(NYSE:GMRE)
LaSalle Hotel Properties
(NYSE:LHO)
MGM Growth Properties LLC
(NYSE:MGP)
RLJ Lodging Trust (NYSE:RLJ)
Xenia Hotels & Resorts, Inc.
(NYSE:XHR)
Delete
(7):
Armada Hoffler Properties Inc.
(NYSE:AHH)
Community Healthcare Trust Inc.
(NYSE:CHCT)
EPR Properties (NYSE:EPR)
Gaming and Leisure Properties Inc.
(NASDAQ:GLPI)
Monmouth Real Estate Investment Corp.
(NYSE:MNR)
Spirit Realty Capital Inc.
(NYSE:SRC)
VEREIT Inc. (NYSE:VER)
KBW Nasdaq
Property & Casualty Insurance Index (Index Ticker: KPX; ETF
Ticker: KBWP)
Add:
Maiden Holdings Ltd.
(NASDAQ:MHLD)
Delete:
Endurance Specialty Holdings
(NYSE:ENH)
KBW Nasdaq
Regional Banking Index (Index Ticker: KRX; ETF Ticker:
KBWR)
Add
(2):
Hope Bancorp, Inc.
(NASDAQ:HOPE)
Sterling Bancorp (NYSE:STL)
Delete
(2):
Park National Corp. (NYSE:PRK)
City Holding Co. (NASDAQ:CHCO)
PRK and CHCO failed to meet the minimum
monthly average daily trading volume requirement.
The KBW Nasdaq indices have tradable exchange-traded funds
licensed: KBW Nasdaq Bank Index (Index Ticker: BKXSM, ETF Ticker:
KBWBSM); KBW Nasdaq Capital Markets Index (Index Ticker: KSXSM);
KBW Nasdaq Insurance Index (Index Ticker: KIXSM); KBW Nasdaq
Regional Banking Index (Index Ticker: KRXSM, ETF Tickers: KBWRSM);
KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker:
KDXSM, ETF Ticker: KBWDSM); KBW Nasdaq Premium Yield Equity REIT
Index (Index Ticker: KYXSM, ETF Ticker: KBWYSM); KBW Nasdaq
Property and Casualty Insurance Index (Index Ticker: KPXSM, ETF
Ticker: KBWPSM); KBW Nasdaq Mortgage Finance Index (Index Ticker:
MFXSM); KBW Nasdaq Global Bank Index (Index Ticker: GBKXSM); KBW
Nasdaq Financial Technology Index (Index Ticker: KFTXSM).
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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161209005004/en/
Press:Intermarket CommunicationsNeil Shapiro, 212-754-5423
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