Given all orders are placed at 10am EST, will the purchase price be much higher than NAV?From reddit: Orders for equities, Exchange Traded Funds (ETFs), and other Exchange Traded Products (ETPs) will be placed as market orders at approximately 10am EST on the planned investment date subject to market and other conditions. If the investment date falls on a weekend, holiday, or beyond the end of the month (29th, 30th, 31st), your purchase will occur on the next business day.
You can learn more by expanding the "Important disclosure information" at the bottom of the trade ticket.
Original Reddit post: https://www.reddit.com/r/fidelityinvest ... mate_your/
I can imagine 10am EST on Monday will see the highest demand of an ETF because it accumulates the orders from the weekend.
Anyone who has used this feature can share the experience?
Statistics: Posted by henryphseven — Mon Mar 18, 2024 8:05 pm — Replies 158 — Views 27190