Since shares are not traded in fractions where do they come from when dividends reinvest you get something like 40.3583 shares etc.. stocks like JNJ etc..
From mergers/acquisitions sometimes too. So ex: you might own 100 ConMed and its get bought by JNJ for .43 shares of JNJ.
I had this question, too. I got KFT shares as a dividend payment from MO a few years ago. I sold them, but I'm left with like .148 shares of KFT in my account that I cannot get rid of, and the people at Scottrade don't know how to get rid of them, either. You obviously can't sell a fractional share.
heh, you should be able to. Etrade has a special sell fractional shares option. but the problem is do you want to waste commission to sell .148 shares I am surprised none of the pros here have been able to answer this question. I never see fractions of shares trading on etrade pro.