1. A Nasdaq stock symbol specifying that it is a mutual fund.

2. A symbol used in stock transaction tables found on the internet and in newspapers to indicate that a stock is trading ex-dividends or ex-rights.


1. Nasdaq-listed securities have four or five characters. If a fifth letter appears, it identifies the issue as other than a single issue of common stock or capital stock.

2. Typically after a dividend is paid or a right is distributed, a stock's price will drop by a similar amount. Because of this, it's important for investors to be aware of when a distribution is made so that the depreciation in price is not mistaken for something else.

  1. Dividend

    A distribution of a portion of a company's earnings, decided ...
  2. Nasdaq

    A global electronic marketplace for buying and selling securities, ...
  3. Stock Symbol

    A unique series of letters assigned to a security for trading ...
  4. Ex-Dividend

    A classification of trading shares when a declared dividend belongs ...
  5. Ex-Rights

    Shares of stock that are trading but no longer have rights attached ...
  6. Mutual Fund

    An investment vehicle that is made up of a pool of funds collected ...
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  1. Can mutual funds invest in hedge funds?

    Mutual funds are legally allowed to invest in hedge funds. However, hedge funds and mutual funds have striking differences ... Read Full Answer >>
  2. What are the risks of annuities in a recession?

    Annuities come in several forms, the two most common being fixed annuities and variable annuities. During a recession, variable ... Read Full Answer >>
  3. Do financial advisors get paid by mutual funds?

    Financial advisors are reimbursed by mutual funds in exchange for the investment and financial advice they provide. A financial ... Read Full Answer >>
  4. Why is fiduciary duty so important?

    Fiduciary duty is one the most important professional obligations. It basically provides a much-needed protection for individuals ... Read Full Answer >>
  5. When are mutual funds considered a bad investment?

    Mutual funds are considered a bad investment when investors consider certain negative factors to be important, such as high ... Read Full Answer >>
  6. Why do financial advisors have a fiduciary responsibility?

    Financial advisors governed by fiduciary duty are bound by law to act in the best interests of their clients at all times. ... Read Full Answer >>

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