First off, an Exchange Traded Fund (or ETF) is a type of pooled investment security that tracks a particular index, sector, commodity, or other assets. It can be purchased or sold on a stock exchange in the same way that a regular stock can.
Unlike a Mutual Fund, an ETF is a basket of securities that trades on an exchange just like a stock does with the share price fluctuating all day as the ETF is bought and sold. One other nuance is ETFs offer low expense ratios and fewer broker commissions than buying the stocks individually.
So now that we are jake on what an ETF is, I am proud to announce the God Bless America ETF debuted this week.