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I use average cost as cost basis at Vanguard. Recently I transferred couple thousand of VTSAX to Merrill Edge. I just noticed that the cost unit at ME is so much lower comparing to the remaining shares of VTSAX at Vanguard. Since I use average cost, should these two cost units be same?
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Looks to me as if the oldest shares transferred, leaving more recently purchased shares at Vanguard. How old were the shares you moved? VTSAX shows a $26 share price back in mid-late 2011, late 2010 and mid-2008. If the shares you moved were purchased in one of those time periods, then the average of what is left could very well be $45 per share.
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