SF - KBW Announces Index Rebalancing for Second-Quarter 2023
NEW YORK, June 09, 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 second quarter of 2023.
This quarter, there are constituent changes within one of our indexes: the KBW Nasdaq Bank Index (Index Ticker: BKX; ETF Ticker: KBWB).
These changes will be effective prior to the opening of business on Tuesday, June 20, 2023.
As part of this rebalancing, below are the component-level changes across impacted indices:
KBW Nasdaq Bank Index (Index Ticker: BKX; ETF Ticker: KBWB)
Add (3):
First Horizon Corporation (NYSE: FHN)
The Goldman Sachs Group, Inc. (NYSE: GS)
Morgan Stanley (NYSE: MS)
Several of the KBW Nasdaq indexes 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