{"url":"https://etfiq.com/funds/rtre/trading/","section":"funds","title":"RTRE Bid-Ask Spread, Liquidity and NAV Premium | ETFIQ","description":"RTRE trading costs and liquidity: spread, premium to NAV, capacity and dealers, from ETFIQ. Spread, premium to NAV, capacity and dealers, dated.","as_of":"Dec 13, 2024","structured_data":[{"@type":"Dataset","@id":"https://etfiq.com/funds/rtre/trading/#data","name":"RTRE trading costs and liquidity","description":"RTRE 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/rtre/trading/","dateModified":"2024-12-13","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 RTRE?","acceptedAnswer":{"@type":"Answer","text":"RTRE\u2019s latest Form N-CEN, for the period ending Sep 30, 2024, lists 14 authorized participants (APs), and 3 created or redeemed shares. The largest were Merrill Lynch Professional Clearing Corp. (54.7%), J.P. Morgan Securities LLC (42.0%), Virtu Americas LLC (3.2%) of the dollars its APs created and redeemed."}},{"@type":"Question","name":"Who is the LMM for RTRE?","acceptedAnswer":{"@type":"Answer","text":"RTRE\u2019s lead market maker (LMM) on Cboe BZX is Citadel Securities LLC. Lead market maker per Cboe BZX, as of Oct 23, 2026."}}]},{"@type":"InvestmentFund","@id":"https://etfiq.com/funds/rtre#fund","name":"Rareview Total Return Bond ETF","alternateName":"RTRE","url":"https://etfiq.com/funds/rtre","identifier":[{"@type":"PropertyValue","propertyID":"tickerSymbol","value":"RTRE"}],"mainEntityOfPage":{"@id":"https://etfiq.com/funds/rtre#webpage"}},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"RTRE","item":"https://etfiq.com/funds/rtre"},{"@type":"ListItem","position":3,"name":"Trading","item":"https://etfiq.com/funds/rtre/trading/"}]},{"@type":"WebPage","name":"RTRE Bid-Ask Spread, Liquidity and NAV Premium","description":"RTRE 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/rtre/trading/","dateModified":"2024-12-13","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".faq"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":3396,"truncated":false,"content":"ETFIQ / RTRE / Trading \n \n As of Dec 13, 2024. Rebuilt every trading night.\n RTRE 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 Cost to trade Not measured: the issuer's 30-day median spread is not read for this fund Capacity Not measured: its holdings are bonds, which have no volume source here Price fidelity Not measured: no closing premium is held for this fund Primary market, 65.0 3 active dealers of 14; largest 55% of creations and redemptions, N-CEN to Sep 30, 2024 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: its holdings are bonds, which have no volume source here.\n Dealers\n 3 active of 14 authorized participants; the largest did 55% of creations and redemptions, in the year to Sep 30, 2024 (Form N-CEN filed Dec 13, 2024).\n The active authorized participants, largest first, by share of the dollars created and redeemed: Merrill Lynch Professional Clearing Corp. (54.7%), J.P. Morgan Securities LLC (42.0%), Virtu Americas LLC (3.2%). 11 more were listed and created or redeemed nothing.\n How to trade RTRE\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 RTRE? RTRE\u2019s latest Form N-CEN, for the period ending Sep 30, 2024, lists 14 authorized participants (APs), and 3 created or redeemed shares. The largest were Merrill Lynch Professional Clearing Corp. (54.7%), J.P. Morgan Securities LLC (42.0%), Virtu Americas LLC (3.2%) of the dollars its APs created and redeemed. Who is the LMM for RTRE? RTRE\u2019s lead market maker (LMM) on Cboe BZX is Citadel Securities LLC. Lead market maker per Cboe BZX, as of Oct 23, 2026. Sources and dates\n Dealers: Form N-CEN, the year to Sep 30, 2024, accession 0001752724-24-281965.\n Where to next\n RTRE 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 RTRE 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, RTRE trading: cost, capacity, premium and dealers, data as of Dec 13, 2024. https://etfiq.com/funds/rtre/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, RTRE trading: cost, capacity, premium and dealers, data as of Dec 13, 2024. https://etfiq.com/funds/rtre/trading/ APA ETFIQ. (Dec 13, 2024). RTRE trading: cost, capacity, premium and dealers. Retrieved from https://etfiq.com/funds/rtre/trading/ Markdown [RTRE trading: cost, capacity, premium and dealers (ETFIQ, Dec 13, 2024)](https://etfiq.com/funds/rtre/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, RTRE trading: cost, capacity, premium and dealers, data as of Dec 13, 2024. https://etfiq.com/funds/rtre/trading/"}