The change will lead to the removal of four firms from the index: ARM Holdings plc (NASDAQ: ARMH), FLIR Systems Inc. (NASDAQ: FLIR), Gentex Corp. (NASDAQ: GNTX), and Royal Gold Inc. (NASDAQ: RGLD).
The Q-50 index tracks the performance of 50 stocks that are next in line to replace securities on the Nasdaq-100 index. The Q-50 is adjusted quarterly.