{"url":"https://etfiq.com/funds/gmod/trading/","section":"funds","title":"GMOD Bid-Ask Spread, Liquidity and NAV Premium | ETFIQ","description":"GMOD trading costs and liquidity: spread, premium to NAV, capacity and dealers, from ETFIQ. Spread, premium to NAV, capacity and dealers, dated.","as_of":"May 13, 2026","structured_data":[{"@type":"Dataset","@id":"https://etfiq.com/funds/gmod/trading/#data","name":"GMOD trading costs and liquidity","description":"GMOD 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/gmod/trading/","dateModified":"2026-05-13","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 GMOD?","acceptedAnswer":{"@type":"Answer","text":"GMOD\u2019s latest Form N-CEN, for the period ending Feb 28, 2026, lists 11 authorized participants (APs), and 2 created or redeemed shares. The largest were Merrill Lynch Professional Clearing Corp. (97.0%), Virtu Americas LLC (3.0%) of the dollars its APs created and redeemed."}},{"@type":"Question","name":"Who is the LMM for GMOD?","acceptedAnswer":{"@type":"Answer","text":"GMOD\u2019s lead market maker (LMM) on NYSE Arca is Citadel Securities LLC. Lead market maker per NYSE Arca, as of Oct 23, 2026."}}]},{"@type":"InvestmentFund","@id":"https://etfiq.com/funds/gmod#fund","name":"GMO Dynamic Allocation ETF","alternateName":"GMOD","url":"https://etfiq.com/funds/gmod","identifier":[{"@type":"PropertyValue","propertyID":"tickerSymbol","value":"GMOD"}],"mainEntityOfPage":{"@id":"https://etfiq.com/funds/gmod#webpage"}},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"GMOD","item":"https://etfiq.com/funds/gmod"},{"@type":"ListItem","position":3,"name":"Trading","item":"https://etfiq.com/funds/gmod/trading/"}]},{"@type":"WebPage","name":"GMOD Bid-Ask Spread, Liquidity and NAV Premium","description":"GMOD 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/gmod/trading/","dateModified":"2026-05-13","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".faq"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":3407,"truncated":false,"content":"ETFIQ / GMOD / Trading \n \n As of May 13, 2026. Rebuilt every trading night.\n GMOD 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 Flags: One dealer.\n Cost to trade Not measured: the issuer's 30-day median spread is not read for this fund Capacity Not measured: 35.3% of its long weight could be measured; the largest part not measured is unresolved Price fidelity Not measured: no closing premium is held for this fund Primary market, 30.0 2 active dealers of 11; largest 97% of creations and redemptions, N-CEN to Feb 28, 2026 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: 35.3% of its long weight could be measured; the largest part not measured is unresolved.\n Dealers\n 2 active of 11 authorized participants; the largest did 97% of creations and redemptions, in the year to Feb 28, 2026 (Form N-CEN filed May 13, 2026).\n The active authorized participants, largest first, by share of the dollars created and redeemed: Merrill Lynch Professional Clearing Corp. (97.0%), Virtu Americas LLC (3.0%). 9 more were listed and created or redeemed nothing.\n How to trade GMOD\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 GMOD? GMOD\u2019s latest Form N-CEN, for the period ending Feb 28, 2026, lists 11 authorized participants (APs), and 2 created or redeemed shares. The largest were Merrill Lynch Professional Clearing Corp. (97.0%), Virtu Americas LLC (3.0%) of the dollars its APs created and redeemed. Who is the LMM for GMOD? GMOD\u2019s lead market maker (LMM) on NYSE Arca is Citadel Securities LLC. Lead market maker per NYSE Arca, as of Oct 23, 2026. Sources and dates\n Dealers: Form N-CEN, the year to Feb 28, 2026, accession 0001410368-26-044170.\n Where to next\n GMOD 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 GMOD 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, GMOD trading: cost, capacity, premium and dealers, data as of May 13, 2026. https://etfiq.com/funds/gmod/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, GMOD trading: cost, capacity, premium and dealers, data as of May 13, 2026. https://etfiq.com/funds/gmod/trading/ APA ETFIQ. (May 13, 2026). GMOD trading: cost, capacity, premium and dealers. Retrieved from https://etfiq.com/funds/gmod/trading/ Markdown [GMOD trading: cost, capacity, premium and dealers (ETFIQ, May 13, 2026)](https://etfiq.com/funds/gmod/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, GMOD trading: cost, capacity, premium and dealers, data as of May 13, 2026. https://etfiq.com/funds/gmod/trading/"}