If you place an order to sell a mutual fund on Fidelity
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Anonymous
| When does it execute? The order shows up as "open" and I put in no pricing conditions. I would have thought it would have sold during the trading day today but it didn't. Is the timing for mutual funds different than stock since they are only priced once a day? It's not a fidelity fund, if that matters. |
Anonymous
| Pretty sure it will happen overnight. I believe it would have to be an "Exchange Traded Fund" (ETF) to sell on the same day. |
Anonymous
| +1 You could call Fidelity to confirm this |
Anonymous
| You will get today's closing price but it takes them a few hours to calculate that, and then that process the trade. |
Anonymous
| Fidelity has an awesome online chat feature where you can ask these types of questions. I do it all the time... |
Anonymous
| It's done at the end of the day after the market has closed. |
Anonymous
| Thanks all -- it sold around 5 am. |