Mutual fund prices precision

[Murry McEntire]

On Tue, Aug 4, 2015 at 2:37 PM, Liz <edodd at billiau.net> wrote:

>
>
> I did notice that you had fractions of shares. I only own whole shares
> where I own shares, and the dividend reinvestment scheme has a small
> credit in it until the balance is big enough to buy a whole share.
> AC, how do you own a fraction of a share?
>

Several direct buy and reinvestment programs allow you to own partial
shares as long as the shares are kept in the account. I have an account
with a few stocks with partial shares. Mutual funds most often include
partial shares as part of a round dollar purchase or reinvestment.