holding company depositary receipts (HOLDRs)


A security comprised of a basket of individual shares of stock that are held on deposit at a U.S. bank and can be bought or sold in a single transaction. Unlike the similar Exchange Traded Fund, HOLDRs represent beneficial ownership in the underlying securities, meaning that investors who own them possess voting rights and can participate in dividend distributions. HOLDRs are traded only on the American Stock Exchange.

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holding company depositary receipt