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Facebook, Inc. (FB) Message Board

  • theman111knows theman111knows Dec 5, 2012 3:23 PM Flag

    Facebook Heading to Nasdaq 100 and Will Join at Least Four More ETFs **linked**

    Facebook Heading to Nasdaq 100 and Will Join at Least Four More ETFs
    By Benzinga
    Shares of social media giant Facebook could get a lift over the next several days.
    Shares of social media giant Facebook (NASDAQ:FB) could get a lift over the next several days as fund managers and ETF sponsors acquire the stock in anticipation of it joining the Nasdaq-100 (INDEXNASDAQ:NDX) at the start of trading on Wednesday, December 12, 2012.
    NASDAQ OMX (NASDAQ:NDAQ) made the announcement after the close of US markets on Tuesday. The news means Facebook is headed for the PowerShares QQQ (NASDAQ:QQQ), the ETF often referred to as the "Nasdaq 100 tracking ETF."
    With $30.9 billion in assets under management, QQQ is not only one of the largest US-listed ETFs of any kind, it will also be the largest ETF to be home to Facebook. Currently, the largest ETF by assets

    Sentiment: Strong Buy

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