After the close of U.S. markets Wednesday, Standard & Poor’s confirmed that Facebook join the S&P 500 after the close of trading on Dec. 20. New additions Facebook, Alliance Data Systems (ADS) and Mohawk Industries (MHK) are replacing Abercrombie & Fitch (ANF), JDS Uniphase (JDSU) and Teradyne (TER).
Facebook’s entry into the S&P 500 means the stocks will soon be found in some of the largest ETFs, including the largest in the world, the $166.1 billion SPDR S&P 500 (SPY) and the $51.2 billion iShares Core S&P 500 ETF (IVV) .
Facebook is also being added to the S&P 100, making the stock eligible for inclusion in the $4 billion iShares S&P 100 ETF (OEF) .
California-based Facebook is the tenth-largest holding in QQQ, the Nasdaq 100 tracking ETF.
iShares S&P 100 ETF
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of Facebook, QQQ, RSPY and SPY.
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