{"url":"https://etfiq.com/funds/dvye/trading/","section":"funds","title":"DVYE Bid-Ask Spread, Liquidity and NAV Premium | ETFIQ","description":"As of Oct 22, 2026, DVYE closed \u22120.01% from its NAV, and on 95% of the 251 days to then it was within \u00b10.69%. No fund is recommended.","as_of":"Oct 22, 2026","structured_data":[{"@type":"Dataset","@id":"https://etfiq.com/funds/dvye/trading/#data","name":"DVYE trading costs and liquidity","description":"As of Oct 22, 2026, DVYE closed \u22120.01% from its NAV, and on 95% of the 251 days to then it was within \u00b10.69%. No fund is recommended.","url":"https://etfiq.com/funds/dvye/trading/","dateModified":"2026-10-22","creator":{"@id":"https://etfiq.com/#org"},"license":"https://etfiq.com/license/","isAccessibleForFree":true,"creditText":"ETFIQ (etfiq.com)","variableMeasured":["30-day median bid-ask spread","Premium or discount to NAV","Capacity","Active authorized participants","IQ Liquidity Score","Cost to trade by order size"],"distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/trading-score.json"}],"publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published"},{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Does DVYE trade at a premium or discount to NAV?","acceptedAnswer":{"@type":"Answer","text":"It closed \u22120.01% from its NAV on Oct 22, 2026. On 95% of the 251 days to then it was within \u00b10.69%, and it closed more than 1% from NAV on 0 of them."}},{"@type":"Question","name":"Who is the AP for DVYE?","acceptedAnswer":{"@type":"Answer","text":"DVYE\u2019s latest Form N-CEN, for the period ending Apr 30, 2026, lists 36 authorized participants (APs), and 6 created or redeemed shares. The largest were J.P. Morgan Securities LLC (61.8%), BofA Securities, Inc. (27.2%), Jane Street Capital, LLC (4.0%) of the dollars its APs created and redeemed."}},{"@type":"Question","name":"Who is the LMM for DVYE?","acceptedAnswer":{"@type":"Answer","text":"DVYE\u2019s lead market maker (LMM) on NYSE Arca is Virtu Americas LLC. Lead market maker per NYSE Arca, as of Oct 23, 2026."}}]},{"@type":"InvestmentFund","@id":"https://etfiq.com/funds/dvye#fund","name":"iShares Emerging Markets Dividend ETF","alternateName":"DVYE","url":"https://etfiq.com/funds/dvye","identifier":[{"@type":"PropertyValue","propertyID":"tickerSymbol","value":"DVYE"}],"mainEntityOfPage":{"@id":"https://etfiq.com/funds/dvye#webpage"}},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"DVYE","item":"https://etfiq.com/funds/dvye"},{"@type":"ListItem","position":3,"name":"Trading","item":"https://etfiq.com/funds/dvye/trading/"}]},{"@type":"WebPage","name":"DVYE Bid-Ask Spread, Liquidity and NAV Premium","description":"As of Oct 22, 2026, DVYE closed \u22120.01% from its NAV, and on 95% of the 251 days to then it was within \u00b10.69%. No fund is recommended.","url":"https://etfiq.com/funds/dvye/trading/","dateModified":"2026-10-22","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".lede",".faq"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":4444,"truncated":false,"content":"ETFIQ / DVYE / Trading \n \n As of Oct 22, 2026. Rebuilt every trading night.\n DVYE bid-ask spread and liquidity\n As of Oct 22, 2026, DVYE closed \u22120.01% from its NAV, and on 95% of the 251 days to then it was within \u00b10.69%.\n IQ Liquidity Score\n Not scored, 3 of 6 measured.\n A fixed 0 to 100 scale of trading conditions, the same anchors for every fund; 100 is the easiest to trade. It measures how cheaply and reliably the fund can be bought and sold, not whether to own it. How the score is built \n Cost to trade Not measured: the issuer's 30-day median spread is not read for this fund Capacity Not measured: 4.7% of its long weight could be measured; the largest part not measured is foreign Price fidelity, 59.2 95% of days within \u00b10.69% of NAV, 251 days to Oct 22, 2026 Primary market, 85.0 6 active dealers of 36; largest 62% of creations and redemptions, N-CEN to Apr 30, 2026 Bad-day behaviour, 59.3 Premium 1.7585\u00d7 normal on the 10 worst S&P 500 days, to Oct 22, 2026 Depth Not measured: needs trade and quote data (Phase 2) \n Premium or discount to NAV\n Latest close, Oct 22, 2026: \u22120.01%\n 95% of days within: \u00b10.69%\n Days more than 1% from NAV: 0 of 251\n Widest: +0.84%, Jan 27, 2026\n Close against the NAV its issuer struck the same day, 251 days from Oct 23, 2025 to Oct 22, 2026. Source: ETFIQ from the issuer\u2019s NAV and closing price. Its holdings trade on markets that close before New York, so its closing premium carries the move since then.\n Capacity\n Not measured: 4.7% of its long weight could be measured; the largest part not measured is foreign.\n Dealers\n 6 active of 36 authorized participants; the largest did 62% of creations and redemptions, in the year to Apr 30, 2026 (Form N-CEN filed Jul 14, 2026).\n The active authorized participants, largest first, by share of the dollars created and redeemed: J.P. Morgan Securities LLC (61.8%), BofA Securities, Inc. (27.2%), Jane Street Capital, LLC (4.0%), Goldman Sachs & Co. LLC (3.9%), Citigroup Global Markets Inc. (1.6%), UBS Securities LLC (1.5%). 30 more were listed and created or redeemed nothing.\n How to trade DVYE\n When Its holdings trade on markets that close before New York, so its price can drift from their value later in the day. Watch The premium. On 95% of days it is within \u00b10.69%; beyond that a buyer pays more, and a seller gets less, than the holdings are worth. Coming with trade data\n Spread through the day, buyers against sellers, an estimate of retail flow, large trades and the closing auction\u2019s share, each once ETFIQ has trade and quote data.\n Questions people ask\n Does DVYE trade at a premium or discount to NAV? It closed \u22120.01% from its NAV on Oct 22, 2026. On 95% of the 251 days to then it was within \u00b10.69%, and it closed more than 1% from NAV on 0 of them. Who is the AP for DVYE? DVYE\u2019s latest Form N-CEN, for the period ending Apr 30, 2026, lists 36 authorized participants (APs), and 6 created or redeemed shares. The largest were J.P. Morgan Securities LLC (61.8%), BofA Securities, Inc. (27.2%), Jane Street Capital, LLC (4.0%) of the dollars its APs created and redeemed. Who is the LMM for DVYE? DVYE\u2019s lead market maker (LMM) on NYSE Arca is Virtu Americas LLC. Lead market maker per NYSE Arca, as of Oct 23, 2026. Sources and dates\n Premium: ETFIQ, close against the issuer\u2019s NAV, Oct 23, 2025 to Oct 22, 2026.\n Dealers: Form N-CEN, the year to Apr 30, 2026, accession 0001004726-26-005736.\n Where to next\n DVYE fund page ETF trading costs and liquidity Limit orders vs market orders for ETFs Why low volume does not mean illiquid How the IQ Liquidity Score is built Compare DVYE with another fund The score measures trading conditions, not the fund. ETFIQ is an independent publisher, not an adviser, and makes no recommendations. Standards and sources \n Cite this page. ETFIQ, DVYE trading: cost, capacity, premium and dealers, data as of Oct 22, 2026. https://etfiq.com/funds/dvye/trading/ Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data .\n Other forms Plain ETFIQ, DVYE trading: cost, capacity, premium and dealers, data as of Oct 22, 2026. https://etfiq.com/funds/dvye/trading/ APA ETFIQ. (Oct 22, 2026). DVYE trading: cost, capacity, premium and dealers. Retrieved from https://etfiq.com/funds/dvye/trading/ Markdown [DVYE trading: cost, capacity, premium and dealers (ETFIQ, Oct 22, 2026)](https://etfiq.com/funds/dvye/trading/)","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, DVYE trading: cost, capacity, premium and dealers, data as of Oct 22, 2026. https://etfiq.com/funds/dvye/trading/"}