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Vanguard has fractional shares because it supports DRIPs. (Robinhood does not support DRIPs.)

• skookum 7y ago
  Isn't this only for mutual funds? AFAIK, Schwab is the only major old-school brokerage that currently offers fractional shares.
  • mrep 7y ago
    I'm not sure if you can buy fractional shares outright but all of my ETFs in vanguard contain partial shares as they are all set up to reinvest dividends.
  • sdinsn 7y ago
    > Isn't this only for mutual funds? No.
• mrep 7y ago
  But Robinhood will next year according to the announcement: Starting early next year, we’ll support Dividend Reinvestment Plan (DRIP) and Recurring Investments. Automatically reinvest cash dividends back into your stocks and ETFs, and schedule recurring investments