{"url":"https://etfiq.com/funds/jlvp/trading/","section":"funds","title":"JLVP Bid-Ask Spread, Liquidity and NAV Premium | ETFIQ","description":"As of Nov 6, 2026, JLVP\u2019s median bid-ask spread over 30 days was 0.08%, and its IQ Liquidity Score is 81, Liquid. No fund is recommended.","as_of":"Nov 12, 2026","structured_data":[{"@type":"Dataset","@id":"https://etfiq.com/funds/jlvp/trading/#data","name":"JLVP trading costs and liquidity","description":"As of Nov 6, 2026, JLVP\u2019s median bid-ask spread over 30 days was 0.08%, and its IQ Liquidity Score is 81, Liquid. No fund is recommended.","url":"https://etfiq.com/funds/jlvp/trading/","dateModified":"2026-11-12","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":"Is JLVP liquid?","acceptedAnswer":{"@type":"Answer","text":"JLVP\u2019s IQ Liquidity Score is 81 of 100, Liquid, the 56th percentile of 684 stocks ETFs, as of Nov 12, 2026. Its holdings can absorb $305m a day."}},{"@type":"Question","name":"What is JLVP\u2019s bid-ask spread?","acceptedAnswer":{"@type":"Answer","text":"0.08% of the midpoint, the median over the 30 days to Nov 6, 2026, as its issuer states it. Half of it is about 3\u00a2 a share at the Nov 12 close."}},{"@type":"Question","name":"Does JLVP trade at a premium or discount to NAV?","acceptedAnswer":{"@type":"Answer","text":"It closed 0.00% from its NAV on Nov 12, 2026. On 95% of the 23 days to then it was within \u00b10.07%, and it closed more than 1% from NAV on 0 of them."}},{"@type":"Question","name":"Who is the LMM for JLVP?","acceptedAnswer":{"@type":"Answer","text":"JLVP\u2019s lead market maker (LMM) on Nasdaq is RBC Capital Markets, LLC. Lead market maker per Nasdaq, as of Nov 9, 2026."}},{"@type":"Question","name":"What does it cost to trade $10,000 of JLVP?","acceptedAnswer":{"@type":"Answer","text":"About $3.85 one way, 0.038%: half its 30-day median spread. In and out costs twice that. Owning $10,000 for a year costs about $116 all in, against $105 for the fee alone."}},{"@type":"Question","name":"How do I place a limit order for JLVP?","acceptedAnswer":{"@type":"Answer","text":"Set the limit at the midpoint + 3\u00a2 to buy, or the midpoint \u2212 3\u00a2 to sell, in your broker\u2019s quote. At the Nov 12 close of $53.28, that\u2019s $53.31 to buy and $53.25 to sell."}}]},{"@type":"InvestmentFund","@id":"https://etfiq.com/funds/jlvp#fund","name":"JPMorgan U.S. Large Cap Value Plus ETF","alternateName":"JLVP","url":"https://etfiq.com/funds/jlvp","identifier":[{"@type":"PropertyValue","propertyID":"tickerSymbol","value":"JLVP"}],"mainEntityOfPage":{"@id":"https://etfiq.com/funds/jlvp#webpage"}},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"JLVP","item":"https://etfiq.com/funds/jlvp"},{"@type":"ListItem","position":3,"name":"Trading","item":"https://etfiq.com/funds/jlvp/trading/"}]},{"@type":"WebPage","name":"JLVP Bid-Ask Spread, Liquidity and NAV Premium","description":"As of Nov 6, 2026, JLVP\u2019s median bid-ask spread over 30 days was 0.08%, and its IQ Liquidity Score is 81, Liquid. No fund is recommended.","url":"https://etfiq.com/funds/jlvp/trading/","dateModified":"2026-11-12","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".lede",".faq"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":5589,"truncated":false,"content":"ETFIQ / JLVP / Trading \n \n As of Nov 12, 2026. Rebuilt every trading night.\n JLVP bid-ask spread and liquidity\n As of Nov 6, 2026, JLVP\u2019s median bid-ask spread over 30 days was 0.08%, and its IQ Liquidity Score is 81, Liquid.\n IQ Liquidity Score\n 81 of 100, Liquid, 56th percentile of 684 stocks ETFs, 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 Liquid: trades at a typical spread of 0.076953%, and its holdings can absorb $305m a day.\n Flags: Small but liquid.\n Cost to trade, 70.7 0.08% median spread, 30 days to Nov 6, 2026 Capacity, 82.8 Holdings can absorb $305m a day, Nov 11, 2026 Price fidelity, 100.0 95% of days within \u00b10.07% of NAV, 23 days to Nov 12, 2026 Primary market Not measured: it first traded on 2026-07-31, and no N-CEN ETF row for series S000105027 is in the quarters read (2024q4 to 2026q3) Bad-day behaviour Not measured: 2 of the 10 worst days and 21 other days are held, under the 5 and 60 needed Depth Not measured: needs trade and quote data (Phase 2) \n Cost for your order\n JLVP one-way cost at each order size: half its 30-day median spread to Nov 6, 2026; sizes above $10,000 add an estimate of market impact. Source: ETFIQ. Order Dollars Percent Basis \n $1,000 $0.38 0.038% spread \n $10,000 $3.85 0.038% spread \n $100,000 $51 0.051% estimate \n $1,000,000 $774 0.077% estimate \n Full cost to own\n At $10,000: 1.16% ($116) over 1 year, and 5.36% ($536) over 5 years; the fee alone is 1.05% ($105) a year. Fee, plus the round-trip spread once, plus the median premium paid at entry.\n Against SPDG, the cheapest fund in its segment, (fee 0.05%): SPDG is cheaper to own from the first day, and at no holding period does JLVP become the cheaper fund.\n Premium or discount to NAV\n Latest close, Nov 12, 2026: 0.00%\n 95% of days within: \u00b10.07%\n Days more than 1% from NAV: 0 of 23\n Widest: +0.08%, Oct 2, 2026\n Close against the NAV its issuer struck the same day, 23 days from Sep 11, 2026 to Nov 12, 2026. Source: ETFIQ from the issuer\u2019s NAV and closing price.\n Capacity\n Its holdings can absorb $305m a day, measured on its own holdings, as of Nov 11, 2026. The holding that sets the limit is CHEMOURS CO/THE COMMON (CC), 1.28% of the fund.\n How to trade JLVP\n Order type Limit: midpoint + 3\u00a2 to buy, midpoint \u2212 3\u00a2 to sell. At the Nov 12 close of $53.28, that\u2019s $53.31 to buy and $53.25 to sell. 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. Size Up to $3.1m is 1% of what its holdings can absorb in a day, for a buy or a sell. Watch The premium. On 95% of days it is within \u00b10.07%; 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 Is JLVP liquid? JLVP\u2019s IQ Liquidity Score is 81 of 100, Liquid, the 56th percentile of 684 stocks ETFs, as of Nov 12, 2026. Its holdings can absorb $305m a day. What is JLVP\u2019s bid-ask spread? 0.08% of the midpoint, the median over the 30 days to Nov 6, 2026, as its issuer states it. Half of it is about 3\u00a2 a share at the Nov 12 close. Does JLVP trade at a premium or discount to NAV? It closed 0.00% from its NAV on Nov 12, 2026. On 95% of the 23 days to then it was within \u00b10.07%, and it closed more than 1% from NAV on 0 of them. Who is the LMM for JLVP? JLVP\u2019s lead market maker (LMM) on Nasdaq is RBC Capital Markets, LLC. Lead market maker per Nasdaq, as of Nov 9, 2026. What does it cost to trade $10,000 of JLVP? About $3.85 one way, 0.038%: half its 30-day median spread. In and out costs twice that. Owning $10,000 for a year costs about $116 all in, against $105 for the fee alone. How do I place a limit order for JLVP? Set the limit at the midpoint + 3\u00a2 to buy, or the midpoint \u2212 3\u00a2 to sell, in your broker\u2019s quote. At the Nov 12 close of $53.28, that\u2019s $53.31 to buy and $53.25 to sell. Sources and dates\n Spread: JPMorgan (fund page), 30 days to Nov 6, 2026 ( the issuer\u2019s page ).\n Premium: ETFIQ, close against the issuer\u2019s NAV, Sep 11, 2026 to Nov 12, 2026.\n Capacity: ETFIQ, from each holding\u2019s 20-day median dollar volume, to Nov 11, 2026.\n Score: ETFIQ, Nov 12, 2026. The method is at /methodology/liquidity.\n Where to next\n JLVP 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 JLVP 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, JLVP trading: cost, capacity, premium and dealers, data as of Nov 12, 2026. https://etfiq.com/funds/jlvp/trading/ Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data .\n Other forms Plain ETFIQ, JLVP trading: cost, capacity, premium and dealers, data as of Nov 12, 2026. https://etfiq.com/funds/jlvp/trading/ APA ETFIQ. (Nov 12, 2026). JLVP trading: cost, capacity, premium and dealers. Retrieved from https://etfiq.com/funds/jlvp/trading/ Markdown [JLVP trading: cost, capacity, premium and dealers (ETFIQ, Nov 12, 2026)](https://etfiq.com/funds/jlvp/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":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, JLVP trading: cost, capacity, premium and dealers, data as of Nov 12, 2026. https://etfiq.com/funds/jlvp/trading/"}