{"url":"https://etfiq.com/funds/evtr/trading/","section":"funds","title":"EVTR Bid-Ask Spread, Liquidity and NAV Premium | ETFIQ","description":"EVTR trading costs and liquidity: spread, premium to NAV, capacity and dealers, from ETFIQ. Spread, premium to NAV, capacity and dealers, dated.","as_of":"Dec 10, 2024","structured_data":[{"@type":"Dataset","@id":"https://etfiq.com/funds/evtr/trading/#data","name":"EVTR trading costs and liquidity","description":"EVTR trading costs and liquidity: spread, premium to NAV, capacity and dealers, from ETFIQ. Spread, premium to NAV, capacity and dealers, dated.","url":"https://etfiq.com/funds/evtr/trading/","dateModified":"2024-12-10","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":"Who is the AP for EVTR?","acceptedAnswer":{"@type":"Answer","text":"EVTR\u2019s latest Form N-CEN, for the period ending Sep 30, 2024, lists 7 authorized participants (APs), and 4 created or redeemed shares. The largest were J.P. Morgan Securities LLC (40.3%), Goldman Sachs & Co. LLC (37.7%), BofA Securities, Inc. (19.0%) of the dollars its APs created and redeemed."}},{"@type":"Question","name":"Who is the LMM for EVTR?","acceptedAnswer":{"@type":"Answer","text":"EVTR is on none of the lead market maker (LMM) lists ETFIQ reads, from NYSE Arca, Cboe BZX and Nasdaq. Each list covers only that exchange\u2019s own program, so this does not mean it has no LMM."}}]},{"@type":"InvestmentFund","@id":"https://etfiq.com/funds/evtr#fund","name":"Eaton Vance Total Return Bond ETF","alternateName":"EVTR","url":"https://etfiq.com/funds/evtr","identifier":[{"@type":"PropertyValue","propertyID":"tickerSymbol","value":"EVTR"}],"mainEntityOfPage":{"@id":"https://etfiq.com/funds/evtr#webpage"}},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"EVTR","item":"https://etfiq.com/funds/evtr"},{"@type":"ListItem","position":3,"name":"Trading","item":"https://etfiq.com/funds/evtr/trading/"}]},{"@type":"WebPage","name":"EVTR Bid-Ask Spread, Liquidity and NAV Premium","description":"EVTR trading costs and liquidity: spread, premium to NAV, capacity and dealers, from ETFIQ. Spread, premium to NAV, capacity and dealers, dated.","url":"https://etfiq.com/funds/evtr/trading/","dateModified":"2024-12-10","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".faq"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":3460,"truncated":false,"content":"ETFIQ / EVTR / Trading \n \n As of Dec 10, 2024. Rebuilt every trading night.\n EVTR bid-ask spread and liquidity\n IQ Liquidity Score\n Not scored, 1 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: its holdings are bonds, which have no volume source here Price fidelity Not measured: no closing premium is held for this fund Primary market, 65.0 4 active dealers of 7; largest 40% of creations and redemptions, N-CEN to Sep 30, 2024 Bad-day behaviour Not measured: no daily closing premium is held for this fund Depth Not measured: needs trade and quote data (Phase 2) \n Capacity\n Not measured: its holdings are bonds, which have no volume source here.\n Dealers\n 4 active of 7 authorized participants; the largest did 40% of creations and redemptions, in the year to Sep 30, 2024 (Form N-CEN filed Dec 10, 2024).\n The active authorized participants, largest first, by share of the dollars created and redeemed: J.P. Morgan Securities LLC (40.3%), Goldman Sachs & Co. LLC (37.7%), BofA Securities, Inc. (19.0%), Virtu Americas LLC (3.0%). 3 more were listed and created or redeemed nothing.\n How to trade EVTR\n When ETF spreads are usually widest in the first minutes after the open and the last minutes before the close. ETFIQ measures this fund\u2019s own day once it has trade data. 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 Who is the AP for EVTR? EVTR\u2019s latest Form N-CEN, for the period ending Sep 30, 2024, lists 7 authorized participants (APs), and 4 created or redeemed shares. The largest were J.P. Morgan Securities LLC (40.3%), Goldman Sachs & Co. LLC (37.7%), BofA Securities, Inc. (19.0%) of the dollars its APs created and redeemed. Who is the LMM for EVTR? EVTR is on none of the lead market maker (LMM) lists ETFIQ reads, from NYSE Arca, Cboe BZX and Nasdaq. Each list covers only that exchange\u2019s own program, so this does not mean it has no LMM. Sources and dates\n Dealers: Form N-CEN, the year to Sep 30, 2024, accession 0001752724-24-279163.\n Where to next\n EVTR 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 EVTR 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, EVTR trading: cost, capacity, premium and dealers, data as of Dec 10, 2024. https://etfiq.com/funds/evtr/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, EVTR trading: cost, capacity, premium and dealers, data as of Dec 10, 2024. https://etfiq.com/funds/evtr/trading/ APA ETFIQ. (Dec 10, 2024). EVTR trading: cost, capacity, premium and dealers. Retrieved from https://etfiq.com/funds/evtr/trading/ Markdown [EVTR trading: cost, capacity, premium and dealers (ETFIQ, Dec 10, 2024)](https://etfiq.com/funds/evtr/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, EVTR trading: cost, capacity, premium and dealers, data as of Dec 10, 2024. https://etfiq.com/funds/evtr/trading/"}