KBW Announces Index Rebalancing for Fourth-Quarter 2019

NEW YORK, Dec. 13, 2019 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a fulla??service, boutique investment bank and brokera??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 2019.
This quarter, there are constituent changes within four of our indexes, including the KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX), the KBW Nasdaq Financial Technology Index (Index Ticker: KFTX), the KBW Nasdaq Global Bank Index (Index Ticker: GBKX), and the KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX).A There are a number of changes to the two modified-dividend-yield-weighted indexes a?? KDX and the KYX a?? 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 23, 2019.As part of this rebalancing, below are the component level changes across various indices:
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