Lumentum Holdings will replace CoStar Group in the Nasdaq-100 Index later this month, Nasdaq Global Indexes announced.
Lumentum Holdings (LTE) will join the Nasdaq-100 (NDX) Index, replacing CoStar Group (CSGP) effective later this month. The change was announced by Nasdaq Global Indexes on Friday, reflecting adjustments to the index’s composition.
The Nasdaq-100 tracks the largest nonfinancial companies listed on the Nasdaq exchange. CoStar Group, a real estate services provider, will be removed as part of the rebalancing process.
No immediate market reaction was specified in the announcement.