Fractional shares trading—from $5

A fractional share is a piece, or a fraction, of a whole share of a company or exchange-traded fund (ETF). Fractional shares allow investors to own less than a whole share and make purchases based on a dollar amount.

For example, an investor could choose to buy half of a share or as little as $5 worth of a company or ETF.

When purchasing an eligible stock or ETF, you’ll have the option to set a fractional amount up to 5 decimal places or to set a dollar amount above $5 and we’ll calculate the fractional amount for you.

You can purchase fractional shares with a J.P. Morgan Self-Directed Investment account at chase.com or in the Chase Mobile^® app by choosing an eligible stock or exchange-traded fund (ETF) (PDF).

If the fractional share position you hold pays a dividend, the dividend must be greater than or equal to one half of one cent to be credited to your account, and it will be paid in proportion to your ownership interest.

Yes, there are ETFs eligible for fractional shares trading. See the full list eligible securities (PDF).

Yes, there are ETF index funds eligible for fractional shares trading. See the full list eligible securities (PDF).

Yes, if an investor purchased half of a share in one transaction and half of a share in a second transaction, they would own a total of 1 share.

Fractional share positions cannot be transferred.

Yes, you can sell the fractional shares of eligible securities that you hold.

Fractional share positions may be eligible to participate in mandatory corporate actions such as stock splits, mergers or spin-offs. Fractional share positions may not come with the voting rights that whole shares entitle owners to vote on regarding matters affecting the company that issued the security. These situations are in all cases subject to the terms included in the materials prepared by the issuer describing the corporate action, as well as JPMorgan Chase’s applicable policies and procedures.