NASDAQ does not list individual shares of a company’s stock as ETFs. An exchange-traded fund tracks indexes, including the NASDAQ and the Dow Jones Industrial Average, and trades like a security.
Similar to a mutual fund, an ETF owns a group of assets, including shares of a company’s stock, oil futures, bonds and commodities. However, an ETF does not trade like a mutual fund and does not require a net asset value classification at the end of the year. ETFs trade like individual stocks, where portions of each underlying asset get divided into separate trading shares, and investors can buy and sell each share. Investors who buy shares of ETFs indirectly own that portion of the asset.