What time of day does Fidelity update the Mutual Fund balances for the day? Do they update throughout the day or after the market closes?
ETFs update throughout the day. Fidelity will update their mutual funds an hour after close. I generally see the changes around 4:15pm CDT, give or take about 15 minutes.
They get updated by 6pm central time, at least in my case I go look at 6pm and it’s reflected of whether the market was up or down.
If mutual funds (like FSKAX total market) update price once a day after the U.S. stock market close (ie Wednesday), and I buy a share of that fund after the market closes (Wednesday), does that mean I get the updated price in effect for the next day (Thursday) or the price of that same day before the updated price on closing (Wednesday)?
Purchases of mutual funds happen at the next close. If you make a purchase after the close on Wednesday, the next close will be the close on Thursday and that is when it will occur.
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