KBW Estimates NDAQ Sharecount Changes

After the close on Wed. 12/22, S&P announced weekly sharecount changes impacting one financial company that will be effective after the close on Wed. 12/29, KBW reports. “S&P is decreasing the sharecount and increasing the investable weight factor (IWF) of The NASDAQ OMX Group, Inc. NDAQ in the S&P 500 Index,” KBW writes. “We estimate the amount of shares that need to be purchased by S&P index funds as a result of this sharecount decrease and IWF increase.” The NASDAQ OMX Group closed Wednesday at $24.16.