Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

Is CLM a stock or an ETF?
CLM is a Closed End Fund. It is a collection of other securities that trades as if it were stock issued by a single company. NASDAQ cares about how it trades, so that would be why they list it as you say they do.  Here is a list of their top 25 holdings: http://portfolios.morningstar.com/fund/holdings?t=CLM&region=usa&culture=en-US