In a statement released Monday evening, NASDAQ OMX confirmed Marriot “will become a component of the NASDAQ-100 Index (Nasdaq:NDX) and the NASDAQ-100 Equal Weighted Index (Nasdaq:NDXE) prior to market open on Monday, November 18, 2013.”
Marriott’s addition to the NASDAQ-100 makes eligible to join QQQ, so-called NASDAQ-100 tracking ETF. The stock’s inclusion in the NASDAQ-100 Equal Weight Index means it could also find a home in the Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) and the First Trust NASDAQ-100 Equal Weighted Index Fund (QQEW) . [Equal-Weight Tech ETFs if You're Shy About Apple]
Based on Monday’s close, Marriott, of which former U.S. presidential candidate Mitt Romney is a board member, has a market cap of almost $14 billion.