Everyone by now has heard of stock ETFs — securities that represent indices or bundles of stocks like funds but are traded on exchanges like stocks. (wisestockbuyer.com)
They have managers and portfolios like open - end mutual funds do, but trade on exchanges like stocks and ETFs do. (mutualfundobserver.com)
ETFs trade on major exchanges like individual stocks, so their prices may vary throughout the day. (massmutual.com)