Keefe, Bruyette & Woods (KBW), a full-service, boutique investment bank and broker-dealer that specialises in the financial services sector, has made a change to the KBW Regional Banking Index (KRXSM).
Effective prior to the opening of business on 3 June 2013, PacWest Bancorp, a member of the index, will undergo an increase in shares due to the expected closing of a recent acquisition.
The KBW indices have ten tradable exchange-traded funds licensed: KBW Bank Index (Index Ticker: BKXSM, ETF Ticker: KBWBSM); KBW Capital Markets Index (Index Ticker: KSXSM, ETF Ticker: KBWCSM); KBW Insurance Index (Index Ticker: KIXSM, ETF Ticker: KBWISM); KBW Regional Banking Index (Index Ticker: KRXSM, ETF Ticker: KBWRSM, KRSSM, KRUSM); KBW Financial Sector Dividend Yield Index (Index Ticker: KDXSM, ETF Ticker: KBWDSM); KBW Premium Yield Equity REIT Index (Index Ticker: KYXSM, ETF Ticker: KBWYSM); KBW Property and Casualty Insurance Index (Index Ticker: KPXSM, ETF Ticker: KBWPSM); and KBW Global (Ex. US) Financial Sector Index (Index Ticker: KGXSM, ETF Ticker: KBWXSM).
