{"url":"https://etfiq.com/funds/eret/trading/","section":"funds","title":"ERET Bid-Ask Spread, Liquidity and NAV Premium | ETFIQ","description":"As of Oct 22, 2026, ERET closed +0.24% from its NAV, and on 95% of the 251 days to then it was within \u00b10.68%. No fund is recommended.","as_of":"Oct 22, 2026","structured_data":[{"@type":"Dataset","@id":"https://etfiq.com/funds/eret/trading/#data","name":"ERET trading costs and liquidity","description":"As of Oct 22, 2026, ERET closed +0.24% from its NAV, and on 95% of the 251 days to then it was within \u00b10.68%. No fund is recommended.","url":"https://etfiq.com/funds/eret/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 ERET trade at a premium or discount to NAV?","acceptedAnswer":{"@type":"Answer","text":"It closed +0.24% from its NAV on Oct 22, 2026. On 95% of the 251 days to then it was within \u00b10.68%, and it closed more than 1% from NAV on 2 of them."}},{"@type":"Question","name":"Who is the AP for ERET?","acceptedAnswer":{"@type":"Answer","text":"ERET\u2019s latest Form N-CEN, for the period ending Apr 30, 2026, lists 36 authorized participants (APs), and 1 created or redeemed shares. The only active AP was J.P. Morgan Securities LLC."}},{"@type":"Question","name":"Who is the LMM for ERET?","acceptedAnswer":{"@type":"Answer","text":"ERET\u2019s lead market maker (LMM) on Nasdaq is Susquehanna Securities, LLC. Lead market maker per Nasdaq, as of Oct 23, 2026."}}]},{"@type":"InvestmentFund","@id":"https://etfiq.com/funds/eret#fund","name":"iShares Environmentally Aware Real Estate ETF","alternateName":"ERET","url":"https://etfiq.com/funds/eret","identifier":[{"@type":"PropertyValue","propertyID":"tickerSymbol","value":"ERET"}],"mainEntityOfPage":{"@id":"https://etfiq.com/funds/eret#webpage"}},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"ERET","item":"https://etfiq.com/funds/eret"},{"@type":"ListItem","position":3,"name":"Trading","item":"https://etfiq.com/funds/eret/trading/"}]},{"@type":"WebPage","name":"ERET Bid-Ask Spread, Liquidity and NAV Premium","description":"As of Oct 22, 2026, ERET closed +0.24% from its NAV, and on 95% of the 251 days to then it was within \u00b10.68%. No fund is recommended.","url":"https://etfiq.com/funds/eret/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":4439,"truncated":false,"content":"ETFIQ / ERET / Trading \n \n As of Oct 22, 2026. Rebuilt every trading night.\n ERET bid-ask spread and liquidity\n As of Oct 22, 2026, ERET closed +0.24% from its NAV, and on 95% of the 251 days to then it was within \u00b10.68%.\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 Flags: One dealer.\n Cost to trade Not measured: the issuer's 30-day median spread is not read for this fund Capacity Holdings can absorb up to $147 a day; part of the book has no volume figure Price fidelity, 57.2 95% of days within \u00b10.68% of NAV, 251 days to Oct 22, 2026 Primary market, 25.0 1 active dealer of 36; largest 100% of creations and redemptions, N-CEN to Apr 30, 2026 Bad-day behaviour, 78.8 Premium 1.3419\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: +0.24%\n 95% of days within: \u00b10.68%\n Days more than 1% from NAV: 2 of 251\n Widest: +1.15%, Mar 18, 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 Its holdings can absorb up to $147 a day, measured on its own holdings, as of Oct 22, 2026. The holding that sets the limit is SUMITOMO REALTY & DEVELOPMENT (SURDF), 0.70% of the fund.\n Dealers\n 1 active of 36 authorized participants; the largest did 100% 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 (100.0%). 35 more were listed and created or redeemed nothing.\n How to trade ERET\n When Its holdings trade on markets that close before New York, so its price can drift from their value later in the day. Size Part of its book has no volume figure, so the room for a large order is an upper bound. Watch The premium. On 95% of days it is within \u00b10.68%; 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 ERET trade at a premium or discount to NAV? It closed +0.24% from its NAV on Oct 22, 2026. On 95% of the 251 days to then it was within \u00b10.68%, and it closed more than 1% from NAV on 2 of them. Who is the AP for ERET? ERET\u2019s latest Form N-CEN, for the period ending Apr 30, 2026, lists 36 authorized participants (APs), and 1 created or redeemed shares. The only active AP was J.P. Morgan Securities LLC. Who is the LMM for ERET? ERET\u2019s lead market maker (LMM) on Nasdaq is Susquehanna Securities, LLC. Lead market maker per Nasdaq, 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 Capacity: ETFIQ, from each holding\u2019s 20-day median dollar volume, to Oct 22, 2026.\n Dealers: Form N-CEN, the year to Apr 30, 2026, accession 0001004726-26-005735.\n Where to next\n ERET 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 ERET 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, ERET trading: cost, capacity, premium and dealers, data as of Oct 22, 2026. https://etfiq.com/funds/eret/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, ERET trading: cost, capacity, premium and dealers, data as of Oct 22, 2026. https://etfiq.com/funds/eret/trading/ APA ETFIQ. (Oct 22, 2026). ERET trading: cost, capacity, premium and dealers. Retrieved from https://etfiq.com/funds/eret/trading/ Markdown [ERET trading: cost, capacity, premium and dealers (ETFIQ, Oct 22, 2026)](https://etfiq.com/funds/eret/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, ERET trading: cost, capacity, premium and dealers, data as of Oct 22, 2026. https://etfiq.com/funds/eret/trading/"}