IVVM bid-ask spread and liquidity
See what IVVM costs to trade and how closely it tracks its value.
IQ Liquidity Score
· 5 of 6 measured · Nov 12, 2026How easily this fund trades, from 0 to 100 on the same anchors for every fund; 100 is best. Method →
Liquid: trades at a typical spread of 0.08%, and its holdings can absorb $359m a day.
askIQ about this page
askIQ about IVVM bid-ask spread and liquidityCapacity: what its holdings can absorb in a day. Price fidelity: how close its price stays to NAV, the value of what it holds. Primary market: the dealers who create and redeem its shares. Bad-day behaviour: its premium on the market’s worst days. Depth: the dollars quoted at the bid and the ask. How to read the score →
IVVM scores 73 (Liquid), ranked 391 of 680 scored Stocks ETFs plotted here. Spread 0.08% (30-day median, of the price), Nov 12, 2026. A $10,000 order costs about $4.00 each way.
IVVM among Stocks ETFs
Cheaper to trade sits left, easier to trade sits up.
What a trade costs
One way, half its 30-day median spread; sizes above $10,000 are estimates| Order | Dollars | Percent | Basis |
|---|---|---|---|
| $1,000 | $0.40 | 0.04% | spread |
| $10,000 | $4.00 | 0.04% | spread |
| $100,000 | $49 | 0.049% | estimate |
| $1,000,000 | $669 | 0.067% | estimate |
Full cost to own
At $10,000Fee, plus the round-trip spread once, plus the median premium paid at entry. Against SPDG (fee 0.05%): SPDG is cheaper to own from the first day, and at no holding period does IVVM become the cheaper fund.
Above zero: a premium. Below: a discount.
Its holdings trade on markets that close before New York, so its closing premium carries the move since then.
IVVM’s holdings can absorb $359m a day, measured on its own holdings, as of Nov 11, 2026. A $1m order is 0.28% of a day’s capacity.
Who makes the market
Authorized participants · N-CEN, the year to Jul 31, 20252 of 30 authorized participants created or redeemed IVVM shares in the year to Jul 31, 2025. From the fund’s Form N-CEN, filed Mar 17, 2026.
APs create and redeem shares. Every AP →
Active APs, largest first, by share of dollars created and redeemed: BofA Securities, Inc. (76.3%), Goldman Sachs & Co. LLC (23.7%). 28 more were listed and created or redeemed nothing.
$72m net created in 25 weeks and $30m net redeemed in 14, over the 52 weeks from Nov 17, 2025 to Nov 11, 2026, from the change in its shares outstanding.
What retail orders paid
One way on $10,000, Sep 2026In Sep 2026, retail market orders in IVVM paid $1.09 one way on $10,000, against $7.00 at the quote.
92% of shares filled better than the quote.
IVVM ranked 1954th of 4,090 ETFs by retail order activity in Sep 2026, an ETFIQ estimate.
0.0013% of the market-order dollars in 4 retail brokers’ reports. Buys and sells together. Retail activity ranking →
Where it trades
Q2 2026, 62 trading daysIn Q2 2026, 81% of IVVM’s shares traded off exchange on the median day.
Off exchange means wholesalers and dark pools. Odd lots are orders under 100 shares, a sign of retail trading.
How to place the order
To buy or to sell, up to $100,000- Order type
- Limit: midpoint + 2¢ to buy, midpoint − 2¢ to sell.At the Nov 12 close of $37.64, that’s $37.66 to buy and $37.62 to sell.
- When
- Its holdings trade on markets that close before New York, so its price can drift from their value later in the day.
- Size
- Up to $3.6m is 1% of what its holdings can absorb in a day, for a buy or a sell.
- Watch
- The premium to NAV, charted above: a buyer pays more, and a seller gets less, when it is wide.
Median spread by half hour, 30 days.
Volume bought at the ask against volume sold at the bid.
Trades above $500k: how many, and their share of volume.
Share of the day’s volume at the close.
Questions people ask
Is IVVM liquid?
What is IVVM’s bid-ask spread?
Does IVVM trade at a premium or discount to NAV?
Who is the AP for IVVM?
Who is the LMM for IVVM?
What does it cost to trade $10,000 of IVVM?
How do I place a limit order for IVVM?
The score measures trading conditions, not the fund. ETFIQ makes no recommendations.
Cite this pageCitation, APA and Markdown
ETFIQ, IVVM trading: cost, capacity, premium and dealers, data as of Nov 12, 2026. https://etfiq.com/funds/ivvm/trading/
ETFIQ. (Nov 12, 2026). IVVM trading: cost, capacity, premium and dealers. Retrieved from https://etfiq.com/funds/ivvm/trading/
[IVVM trading: cost, capacity, premium and dealers (ETFIQ, Nov 12, 2026)](https://etfiq.com/funds/ivvm/trading/)
The score measures trading conditions, not the fund. ETFIQ makes no recommendations.