WU - KBW Announces Index Rebalancing for Fourth-Quarter 2023 | Benzinga
NEW YORK, Dec. 08, 2023 (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. (NYSE:SF), announces the upcoming index rebalancing for the fourth quarter of 2023.
This quarter, there are constituent changes within four of our indexes: the KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN), KBW Nasdaq Global Bank Index (Index Ticker: GBKX), and KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY).
There are 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 18, 2023.
As part of this rebalancing, below are the component-level changes across impacted indices:
KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX; ETF Ticker: KBWD)
Add (14):
Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)
Ares Commercial Real Estate Corporation (NYSE:ACRE)
Barings BDC, Inc. (NYSE:BBDC)
BlackRock TCP Capital Corp. (NASDAQ:TCPC)
Eagle Bancorp, Inc. (NASDAQ:EGBN)
Fidus Investment Corporation (NASDAQ:FDUS)
First Interstate BancSystem, Inc. (NASDAQ:FIBK)
KeyCorp (NYSE:KEY)
KKR Real Estate Finance Trust, Inc. (NYSE:KREF)
New York Mortgage Trust, Inc. (NASDAQ:NYMT)
Prospect Capital Corporation (NASDAQ:PSEC)
Prudential Financial, Inc. (NYSE:PRU)
Runway Growth Finance Corp. (NASDAQ:RWAY)
Washington Trust Bancorp, Inc. (NASDAQ: