Facebook (NasdaqGS: FB) will finally hit the Nasdaq-100 Index, and is on its way to join a few sector exchange traded funds. This could pave the way for more social media companies in the future.

“The company is a lot more seasoned now,” Francis Gaskins of IPO Desktop Premium, a website devoted to IPO,s said in a report. Being in the Nasdaq-100 “takes away some of the stain of the botched IPO.” [ETF Performance Report: November]

Investors and fund managers are watching Facebook shares, as the company will be included into the Nasdaq-100 Index the morning of December 12, 2012. This also means the stock will be included in the $30.9 billion PowerShares QQQ (NasdaqGM: QQQ). The fund will take the place of First Trust Dow Jones Internet Index Fund (NYSEArca: FDN) as the largest ETF to hold the company, reports Benzinga. [Facebook: Which ETFs Will Like it?]

The inclusion within the tech index is a major feat for Facebook, which has struggled since the May 18 IPO that hit the market with a loud thud. The Nasdaq-100 is considered a big time, big name technology index, which also holds heavyweights such as Apple (NasdaqGS: AAPL) and Google (NasdaqGS: GOOG), reports Financial Review.

Shares of Facebook are currently trading around $27.71, which is 44% higher than the low seen on November 9 of $19.21 per share. The stock has gained value in recent weeks, despite concerns about a series of post-IPO lockup expirations that released hundreds of millions of shares for sale on the open market. [Facebook and the Social Media ETF]

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