Nasdaq stock gains new institutional signal as dividend date nears

Nasdaq stock is drawing fresh institutional attention after Mirae Asset Global Investments opened a position during the third quarter. The filing-based purchase adds a new ownership signal as investors assess Nasdaq's earnings momentum, dividend schedule and planned expansion of US equity trading hours.

MarketBeat reported on Thursday, November 5, that Mirae Asset bought 118,572 Nasdaq shares worth approximately 10.91 million US dollars, citing the investment firm's latest Form 13F filing with the US Securities and Exchange Commission. The report said Nasdaq posted quarterly earnings per share of 1.04 US dollars against a 1.02 US dollar consensus estimate, while revenue rose 12.6 percent year over year to 2.39 billion US dollars. MarketBeat also cited institutional ownership of 72.47 percent.

Dividend and trading expansion

Nasdaq has announced a quarterly dividend of 0.31 US dollars per share. The record date is Friday, December 4, and payment is scheduled for Friday, December 18, according to the MarketBeat report.

The exchange operator is also preparing to expand US equity trading to 23 hours a day, five days a week from December 6. The planned schedule includes a daily one-hour pause for maintenance and settlement, extending access across time zones without creating a continuous 24-hour session.

Nasdaq stock traded at 96.25 euros on Lang & Schwarz at 17:01 CET on Friday, November 6, 0.47 percent below the Xetra close of 96.70 euros on Thursday, November 5. Investors can follow the real-time quote of Nasdaq stock.

The broader US market backdrop remains relevant for financial and technology shares; see the latest S&P 500 market coverage.

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