J.B. Hunt Transport Services has joined two top 100 indexes compiled by the NASDAQ stock market. On Tuesday (Feb. 7), the Lowell-based carrier, with a market capitalization of $11 billion, will become a part of the NASDAQ-100 Index and NASDAQ-100 Equal Weighted Index.
The NASDAQ-100 Index is comprised of the 100 largest non-financial companies traded on the NASDAQ stock market, which was established in January 1985. The NASDAQ-100 Index is the basis of PowerShares QQQ Trust, which provides investment results related to how the NASDAQ-100 Index performs. Also, “options, futures and structure products based on the NASDAQ-100 Index and the PowerShares QQQ Trust trade on various exchanges,” according to the stock market. “On a cumulative price return basis, the NASDAQ-100 Index has returned almost 3,731% since inception, although past performance is not indicative of future performance.”
J.B. Hunt (NASDAQ: JBHT) will replace NXP Semiconductors (NASDAQ: NXPI). J.B. Hunt, which was established Aug. 10, 1961, has been publicly held since 1983. Company shares were trading at $98.52, down 56 cents or 0.57%, midmorning Wednesday (Feb. 1.) In the past 52 weeks, the stock has traded between $102.38 and $71.07.