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If the shares are in an ETF, is there a difference when you say sell 2 shares of CNR, 1 share of CP and 3

If the shares are in an ETF, is there a difference when you say "sell 2 shares of CNR, 1 share of CP and 3 shares of WJA" vs (b) buy 1 current traded ETF for 200 and sell 1 ETF for 220

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