Intraday Indicative Value
Intraday Indicative Value (IIV) is a real-time estimate of a fund's per-share value, calculated from the estimated value of the fund's underlying holdings and other assets, and published during the trading day to reflect current market conditions.
Example: During a trading session, the IIV for an ETF is published at short intervals and may differ from the last traded price as market conditions evolve.
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