An estimate of an ETF's per-share value calculated and published at regular intervals during the trading day, based on the fund's disclosed holdings or basket. Also called the indicative optimized portfolio value (IOPV).
Covered in: How ETFs Actually Trade (book) · ETF Market Structure Explained (book)
Related terms
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This material is provided for informational and educational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security.
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