No, fractional shares cannot be transferred via ACATS.
What happens to fractional shares during a full ACATS transfer:
- Whole shares are transferred: Full shares transfer normally to your receiving broker (e.g., 10 shares of AAPL transfer)
- Fractional shares are liquidated: Any fractional positions (e.g., 0.5 shares of AAPL) are automatically sold/liquidated at prevailing market prices
- Cash proceeds are swept: The proceeds from liquidated fractional shares are sent to your receiving firm as a residual cash sweep
Additional Information: