The Powershares QQQ (NasdaqGM: QQQ), the NASDAQ-100 tracking ETF, will see the addition of three new members when following the annual re-ranking of the NASDAQ-100 (Nasdaq:NDX). Those changes will become effective prior to market open on Monday, December 22, 2014, according to NASDAQ OMX Group (NasdaqGS: NDAQ).
New entries to QQQ, one of the largest U.S.-listed ETFs, are American Airlines (NasdaqGS: AAL), Electronic Arts (NasdaqGS: EA) and Lam Research (NasdaqGS: LCRX). Expedia (NasdaqGS: EXPE), F5 Networks (NasdaqGS: FFIV) and Maxim Integrated Products (NasdaqGS: MXIM) will depart the NASDAQ-100, according to NASDAQ OMX.
The three stocks departing QQQ currently combine for less than two-thirds of 1% of the ETF’s weight, according to PowerShares data.
The NASDAQ-100 and QQQ will also add three other share classes of existing index members. Comcast Corporation Class A Special (NasdaqGS: CMCSK), Twenty-First Century Fox, Inc. Class B (NasdaqGS: FOX) and Liberty Global plc Class C (NasdaqGS: LBTYK) will join the NASDAQ-100.
Earlier this year, NASDAQ-OMX said it was changing the NASDAQ-100’s methodology to accommodate multiple share classes. As such, QQQ currently holds 104 stocks, not 100.