ETF = Exchange Traded Fund. It has the attributes of a mutual fund in that the fund holds multiple assets, but the share trades on the stock market instead of the mutual fund market. The difference is that mutual funds trade at the value at the close of business, whereas ETFs trace at market value at the time of the trace. Lots can happen between 1:00 and 4:00...
For example QQQ and DIA are ETFs that track the Nasdaq and Dow.
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Tony
CSX4005LA
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