UITs are priced at the end of each business day similar to mutual funds.

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Additionally, I have worked for an investment advisory firm where I helped create ETFs and UITs that were sold throughout Wall Street.

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Such income producing strategies may include bonds, dividend paying equities, mutual funds, closed-end funds, exchange-traded funds ( ETFs) and unit investment trusts (UITs), to name a few.

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It is important to note that the SEC does not approve or disapprove of UITs or the securities within a given UIT or pass upon the adequacy of any prospectus for a given UIT.

FORBES: Why Unit Investment Trusts Can Be A Good Investment Alternative