# LOGO Bid-Ask Spread, Liquidity and NAV Premium > LOGO trading costs and liquidity: spread, premium to NAV, capacity and dealers, from ETFIQ. Spread, premium to NAV, capacity and dealers, dated. Data as of Nov 4, 2026. Rebuilt every trading night. As of Nov 4, 2026. Rebuilt every trading night. ## LOGO bid-ask spread and liquidity As of Nov 4, 2026, LOGO’s holdings can absorb at most up to $737m a day. ### IQ Liquidity Score Not scored, 1 of 6 measured. 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 Cost to trade Not measured: the issuer's 30-day median spread is not read for this fund Capacity Holdings can absorb up to $737m a day; part of the book has no volume data Price fidelity Not measured: no closing premium is held for this fund Primary market, 65.0 3 active dealers of 3; largest 62% of creations and redemptions, N-CEN to Dec 31, 2025 Bad-day behaviour Not measured: no daily closing premium is held for this fund Depth Not measured: needs trade and quote data (Phase 2) ### Capacity Its holdings can absorb up to $737m a day, measured on its own holdings, as of Nov 4, 2026. The holding that sets the limit is HEICO Corp (HEI), 2.08% of the fund. ### Dealers 3 active of 3 authorized participants; the largest did 62% of creations and redemptions, in the year to Dec 31, 2025 (Form N-CEN filed Mar 16, 2026). The active authorized participants, largest first, by share of the dollars created and redeemed: Mirae Asset Securities (USA) Inc. (61.8%), Virtu Americas LLC (33.5%), Merrill Lynch, Pierce, Fenner and Smith Incorporated (4.8%). ### How to trade LOGO When ETF spreads are usually widest in the first minutes after the open and the last minutes before the close. ETFIQ measures this fund’s own day once it has trade data. Size Part of its book has no volume data, so the room for a large order is an upper bound. ### Where it trades In Q2 2026, odd lots were 4.7% of LOGO’s exchange volume. ### Coming with trade data Spread through the day, buyers against sellers, an estimate of retail flow, large trades and the closing auction’s share, each once ETFIQ has trade and quote data. ### Questions people ask Who is the AP for LOGO? LOGO’s latest Form N-CEN, for the period ending Dec 31, 2025, lists 3 authorized participants (APs), and 3 created or redeemed shares. The largest were Mirae Asset Securities (USA) Inc. (61.8%), Virtu Americas LLC (33.5%), Merrill Lynch, Pierce, Fenner and Smith Incorporated (4.8%) of the dollars its APs created and redeemed. Who is the LMM for LOGO? LOGO’s lead market maker (LMM) on Nasdaq is DV Equities. Lead market maker per Nasdaq, as of Nov 1, 2026. ### Sources and dates - Capacity: ETFIQ, from each holding’s 20-day median dollar volume, to Nov 4, 2026. - Dealers: Form N-CEN, the year to Dec 31, 2025, accession 0002000324-26-001087. - Where it trades: SEC MIDAS, Q2 2026. ### Where to next The score measures trading conditions, not the fund. ETFIQ is an independent publisher, not an adviser, and makes no recommendations. Standards and sources --- Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices. Cite: ETFIQ, LOGO trading: cost, capacity, premium and dealers, data as of Nov 4, 2026. https://etfiq.com/funds/logo/trading/ Licence: https://etfiq.com/license/ Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms. HTML: https://etfiq.com/funds/logo/trading/