{"url":"https://etfiq.com/funds/qdvo/trading/","section":"funds","title":"QDVO Bid-Ask Spread, Liquidity and NAV Premium | ETFIQ","description":"As of Nov 12, 2026, QDVO\u2019s median bid-ask spread over 30 days was 0.17%. A $10,000 order costs about $8.50 one way.","as_of":"Nov 12, 2026","structured_data":[{"@type":"Dataset","@id":"https://etfiq.com/funds/qdvo/trading/#data","name":"QDVO trading costs and liquidity","description":"As of Nov 12, 2026, QDVO\u2019s median bid-ask spread over 30 days was 0.17%. A $10,000 order costs about $8.50 one way.","url":"https://etfiq.com/funds/qdvo/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":"What is QDVO\u2019s bid-ask spread?","acceptedAnswer":{"@type":"Answer","text":"0.17% of the midpoint, the median over the 30 days to Nov 12, 2026, as its issuer states it. Half of it is about 3\u00a2 a share at the Nov 12 close."}},{"@type":"Question","name":"Does QDVO trade at a premium or discount to NAV?","acceptedAnswer":{"@type":"Answer","text":"It closed \u22120.14% from its NAV on Nov 12, 2026. On 95% of the 18 days to then it was within \u00b10.24%, and it closed more than 1% from NAV on 0 of them."}},{"@type":"Question","name":"Who is the AP for QDVO?","acceptedAnswer":{"@type":"Answer","text":"QDVO\u2019s latest Form N-CEN, for the period ending Sep 30, 2024, lists 3 authorized participants (APs), and 3 created or redeemed shares. The largest were Jane Street Capital, LLC (50.2%), Goldman Sachs & Co. LLC (31.2%), Merrill Lynch Professional Clearing Corp. (18.6%) of the dollars its APs created and redeemed."}},{"@type":"Question","name":"Who is the LMM for QDVO?","acceptedAnswer":{"@type":"Answer","text":"QDVO\u2019s lead market maker (LMM) on NYSE Arca is Citadel Securities LLC. Lead market maker per NYSE Arca, as of Nov 9, 2026."}},{"@type":"Question","name":"What does it cost to trade $10,000 of QDVO?","acceptedAnswer":{"@type":"Answer","text":"About $8.50 one way, 0.085%: half its 30-day median spread. In and out costs twice that."}},{"@type":"Question","name":"How do I place a limit order for QDVO?","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 $28.44, that\u2019s $28.47 to buy and $28.41 to sell."}}]},{"@type":"InvestmentFund","@id":"https://etfiq.com/funds/qdvo#fund","name":"Amplify CWP Growth & Income ETF","alternateName":"QDVO","url":"https://etfiq.com/funds/qdvo","identifier":[{"@type":"PropertyValue","propertyID":"tickerSymbol","value":"QDVO"}],"mainEntityOfPage":{"@id":"https://etfiq.com/funds/qdvo#webpage"}},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"QDVO","item":"https://etfiq.com/funds/qdvo"},{"@type":"ListItem","position":3,"name":"Trading","item":"https://etfiq.com/funds/qdvo/trading/"}]},{"@type":"WebPage","name":"QDVO Bid-Ask Spread, Liquidity and NAV Premium","description":"As of Nov 12, 2026, QDVO\u2019s median bid-ask spread over 30 days was 0.17%. A $10,000 order costs about $8.50 one way.","url":"https://etfiq.com/funds/qdvo/trading/","dateModified":"2026-11-12","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".lede",".faq"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":7195,"truncated":false,"content":"ETFIQ / QDVO / Trading \n \n As of Nov 12, 2026. Rebuilt every trading night.\n QDVO bid-ask spread and liquidity\n As of Nov 12, 2026, QDVO\u2019s median bid-ask spread over 30 days was 0.17%.\n IQ Liquidity Score\n Not scored, 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 Cost to trade, 53.5 0.17% median spread, 30 days to Nov 12, 2026 Capacity, 6.2 Holdings can absorb $1.5m a day, Nov 11, 2026 Price fidelity Not measured: 18 days of closing premium are held, under the 20 needed Primary market, 65.0 3 active dealers of 3; largest 50% of creations and redemptions, N-CEN to Sep 30, 2024 Bad-day behaviour Not measured: 1 of the 10 worst days and 17 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 QDVO one-way cost at each order size: half its 30-day median spread to Nov 12, 2026; sizes above $10,000 add an estimate of market impact. Source: ETFIQ. Order Dollars Percent Basis \n $1,000 $0.85 0.085% spread \n $10,000 $8.50 0.085% spread \n $100,000 $322 0.32% estimate \n $1,000,000 $8,329 0.83% estimate \n Premium or discount to NAV\n Latest close, Nov 12, 2026: \u22120.14%\n 95% of days within: \u00b10.24%\n Days more than 1% from NAV: 0 of 18\n Widest: +0.24%, Oct 28, 2026\n Close against the NAV its issuer struck the same day, 18 days from Oct 9, 2026 to Nov 12, 2026. Source: ETFIQ from the issuer\u2019s NAV and closing price.\n Capacity\n Its holdings can absorb $1.5m a day, measured on its own holdings, as of Nov 11, 2026. The holding that sets the limit is Amplify Samsung SOFR ETF (SOFR), 2.63% of the fund.\n Dealers\n 3 active of 3 authorized participants; the largest did 50% of creations and redemptions, in the year to Sep 30, 2024 (Form N-CEN filed Dec 11, 2024).\n The active authorized participants, largest first, by share of the dollars created and redeemed: Jane Street Capital, LLC (50.2%), Goldman Sachs & Co. LLC (31.2%), Merrill Lynch Professional Clearing Corp. (18.6%).\n How to trade QDVO\n Order type Limit: midpoint + 3\u00a2 to buy, midpoint \u2212 3\u00a2 to sell. At the Nov 12 close of $28.44, that\u2019s $28.47 to buy and $28.41 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 $15,295 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 \u00b10.24%; beyond that a buyer pays more, and a seller gets less, than the holdings are worth. What retail orders paid\n In Sep 2026, retail market orders in QDVO paid $1.97 one way on $10,000, against $6.34 at the quote. 90% of shares filled better than the quote.\n QDVO: what retail market orders paid one way on $10,000, Sep 2026, half the effective spread. Source: SEC Rule 605 reports; computed by ETFIQ. Orders One way on $10,000 \n All wholesalers read $1.97 \n Vanguard customers \u2212$0.71 \n Fidelity customers $0.42 \n Schwab customers $2.33 \n Robinhood customers $4.17 \n QDVO: what retail market orders paid one way on $10,000, by month, at the wholesalers. Old format: orders of 100 to 9,999 shares, to Jul 2026. Month One way on $10,000 \n Aug 2025 (old format) $2.70 \n Sep 2025 (old format) $1.22 \n Oct 2025 (old format) $1.35 \n Nov 2025 (old format) $1.33 \n Dec 2025 (old format) $1.06 \n Jan 2026 (old format) $0.80 \n Feb 2026 (old format) $2.03 \n Mar 2026 (old format) $2.20 \n Apr 2026 (old format) $1.41 \n May 2026 (old format) $1.01 \n Jun 2026 (old format) $1.00 \n Jul 2026 (old format) $2.22 \n Aug 2026 $1.48 \n Sep 2026 $1.97 \n QDVO ranked 1048th of 4,090 ETFs by retail order activity in Sep 2026, an ETFIQ estimate. It drew 0.0059% of the market-order dollars in 4 retail brokers\u2019 reports. Retail activity ranking \n Where it trades\n In Q2 2026, 76% of QDVO\u2019s shares traded off exchange on the median day. Odd lots, under 100 shares, were 14.8% of its exchange volume.\n Coming with trade data\n Spread through the day, buyers against sellers, large trades and the closing auction\u2019s share, each once ETFIQ has trade and quote data.\n Questions people ask\n What is QDVO\u2019s bid-ask spread? 0.17% of the midpoint, the median over the 30 days to Nov 12, 2026, as its issuer states it. Half of it is about 3\u00a2 a share at the Nov 12 close. Does QDVO trade at a premium or discount to NAV? It closed \u22120.14% from its NAV on Nov 12, 2026. On 95% of the 18 days to then it was within \u00b10.24%, and it closed more than 1% from NAV on 0 of them. Who is the AP for QDVO? QDVO\u2019s latest Form N-CEN, for the period ending Sep 30, 2024, lists 3 authorized participants (APs), and 3 created or redeemed shares. The largest were Jane Street Capital, LLC (50.2%), Goldman Sachs & Co. LLC (31.2%), Merrill Lynch Professional Clearing Corp. (18.6%) of the dollars its APs created and redeemed. Who is the LMM for QDVO? QDVO\u2019s lead market maker (LMM) on NYSE Arca is Citadel Securities LLC. Lead market maker per NYSE Arca, as of Nov 9, 2026. What does it cost to trade $10,000 of QDVO? About $8.50 one way, 0.085%: half its 30-day median spread. In and out costs twice that. How do I place a limit order for QDVO? 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 $28.44, that\u2019s $28.47 to buy and $28.41 to sell. Sources and dates\n Spread: Amplify (fund page), 30 days to Nov 12, 2026 ( the issuer\u2019s page ).\n Premium: ETFIQ, close against the issuer\u2019s NAV, Oct 9, 2026 to Nov 12, 2026.\n Capacity: ETFIQ, from each holding\u2019s 20-day median dollar volume, to Nov 11, 2026.\n Dealers: Form N-CEN, the year to Sep 30, 2024, accession 0001145549-24-078539.\n Retail orders: SEC Rule 605 reports, Sep 2026, from Charles Schwab, G1 Execution Services, Fidelity Brokerage Services, Robinhood, HRT Financial, Jane Street Capital, Vanguard. Computed by ETFIQ. Citadel Securities refused ETFIQ\u2019s request, so its orders are not counted.\n Where it trades: SEC MIDAS, Q2 2026, against the fund\u2019s daily volume from Tiingo.\n Where to next\n QDVO 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 QDVO 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, QDVO trading: cost, capacity, premium and dealers, data as of Nov 12, 2026. https://etfiq.com/funds/qdvo/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, QDVO trading: cost, capacity, premium and dealers, data as of Nov 12, 2026. https://etfiq.com/funds/qdvo/trading/ APA ETFIQ. (Nov 12, 2026). QDVO trading: cost, capacity, premium and dealers. Retrieved from https://etfiq.com/funds/qdvo/trading/ Markdown [QDVO trading: cost, capacity, premium and dealers (ETFIQ, Nov 12, 2026)](https://etfiq.com/funds/qdvo/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, QDVO trading: cost, capacity, premium and dealers, data as of Nov 12, 2026. https://etfiq.com/funds/qdvo/trading/"}