Keefe, Bruyette & Woods, Inc., a full-service investment bank that specializes in the financial services sector, and a wholly owned subsidiary of KBW, Inc. (NYSE: KBW), today announces the upcoming quarterly rebalancing across its family of indices. These changes will be effective prior to the opening of business on Monday, September 24, 2012.
Additionally, the following component changes will be made. In the KBW Regional Banking Index (NYSE: KRX): Hudson City Bancorp, Inc. (Nasdaq: HCBK) will be replaced by Washington Federal, Inc. (Nasdaq: WAFD). In the KBW Mortgage Finance Index (NYSE: MFX): Hudson City Bancorp, Inc. (Nasdaq: HCBK) will be replaced by Nationstar Mortgage Holdings Inc. (NYSE: NSM). In the KBW Financial Sector Dividend Yield Index (NYSE: KDX): Fidelity National Financial, Inc. (NYSE: FNF), CVB Financial Corp. (Nasdaq: CVBF), and Bryn Mawr Bank Corporation (Nasdaq: BMTC) will be replaced by Oritani Financial Corp. (Nasdaq: ORIT), Dime Community Bancshares, Inc. (Nasdaq: DCOM), and NYSE Euronext (NYSE: NYX).
The KBW indices that have tradable exchange-traded funds are: KBW Bank Index (Index Symbol: BKX SM, ETF Symbol KBWB SM); KBW Capital Markets Index (Index Symbol: KSX SM, ETF Symbol KBWC SM); KBW Insurance Index (Index Symbol: KIX SM, ETF Symbol KBWI SM); KBW Mortgage Finance Index (Index Symbol: MFX SM) KBW Regional Banking Index (Index Symbol: KRX SM, ETF Symbol: KBWR SM, KRS SM, KRU SM), KBW Financial Sector Dividend Yield Index (Index Symbol: KDX SM, ETF Symbol KBWD SM); KBW Premium Yield Equity REIT Index (Index Symbol: KYX SM, ETF Symbol KBWY SM); KBW Property and Casualty Insurance Index (Index Symbol: KPX SM, ETF Symbol KBWP SM); and KBW Global (Ex. U.S.) Financial Sector Index (Index Symbol: KGX SM, ETF Symbol KBWX SM).
About KBWKBW, Inc. operates in the U.S., Europe and Asia through its broker dealer subsidiaries, Keefe, Bruyette & Woods, Inc., Keefe, Bruyette & Woods Limited and Keefe, Bruyette & Woods Asia Limited. Celebrating its 50th anniversary, KBW has established itself as a leading independent authority in the banking, insurance, brokerage, asset management, mortgage banking, real estate 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 and debt securities of financial services companies.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV