More Trading Options.
Because ETFs are priced on an intraday basis, just like stocks, you can specify
limit orders, stop-loss
orders and other trade execution alternatives not available to mutual fund
investors. For example:
Pick your Price.
Take advantage of order types such as limit orders,
stop orders, and stop-limit
orders not available to buyers and sellers of mutual funds. These types
of orders allow you to place an order at the price you choose.
Protect your Gains.
If you own an ETF that has gained in value
since your purchase, you can place a stop-loss sell order below the current price
to potentially lock in some of those gains should the price decline.