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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
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Author: sherwoodsri ⎊  😊 😞
Number: of 15054 
Subject: Fractional A Shares
Date: 10/26/2023 11:39 AM
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Anyone every played around with purchasing fractional A shares rather than B shares? Maybe at times when the 1/1500 ratio seems a bit out of whack? Just noticed that I can do that at Schwab. So wondering if there are times when, if I'm of a mind to purchase Berkshire anyway, if it make more sense to purchase a fractional A.
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Author: sherwoodsri ⎊  😊 😞
Number: of 15054 
Subject: Re: Fractional A Shares
Date: 10/26/2023 11:48 AM
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But of course the A shares are the only stock in the S&P 500 that Schwab excludes from fractional purchases...never mind.
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Author: rayvt ✧🐝  😊 😞
Number: of 15054 
Subject: Re: Fractional A Shares
Date: 10/26/2023 8:07 PM
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There is no such thing as a true fractional share. It's just the broker buying a whole share and making a book-keeping entry to allocate fractions to customers. The fractional amount that is _not_ held by customers, the broker is on the hook for that.

Financially not a big deal on a $300 stock, but a pretty big deal on a $510,000 stock.
Especially when the customers who want a fractional share of BRK can just buy whole and/or fractional shares of BRK-B.
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Author: Bluehorseshoe ⎊  😊 😞
Number: of 15054 
Subject: Re: Fractional A Shares
Date: 10/26/2023 9:17 PM
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You could check Robinhood and let us know what you find out. I'm not giving them any of my financial info.


'Three academics on Wednesday offered a startling answer: trading volumes in the most expensive stock in the US were and continue to be artificially inflated by the way brokers such as Robinhood report fractional share trading.'


https://www.ft.com/content/71c40c08-9298-4324-a2b7...

Jeff
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