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Can limit orders apply to the stocks in the motif?
Yes. You can place buy or sell limit orders on one or more stocks in the motif you own. You can also place a buy limit order to add a new stock to the motif (but this would only work if your motif contains 29 or fewer stocks since a motif contains at most 30 stocks).
In all cases, you can place limit orders on fractional shares. For example, you can set a limit order to buy 0.55 shares when XYZ’s share price reaches $20. You will get the best market price available real time for fractional shares, just like you do for whole shares.