iShares has long been the largest ETF issuer, controlling some 40% of all ETF assets in the U.S., but it just passed another major milestone, eclipsing a staggering $1 trillion in total assets held among its funds.
That new total is up nearly 20% from just over a year ago, when the issuer counted $835 billion in assets as of Dec. 29, 2015, according to ETF.com.
At latest count, Vanguard was in second place with $625 billion in assets under management, while State Street was third with $512 billion — or a little more than half of iShares’ total.
From there, the amount of assets held by the next closest issuers drops off dramatically. Invesco PowerShares stands in fourth place with $112 billion, and Charles Schwab is fifth in total assets in its ETFs, with around $61 billion.
Out of its now $1 trillion in assets, the iShares S&P 500 Index ETF (NYSE:IVV) is iShares’ largest, with around $90.6 billion in AUM. Despite its huge size, IVV still represents less than 1% of iShares’ total assets.
The IVV fell $0.54 (-0.24%) in premarket trading Thursday. Year-to-date, IVV has gained 1.33%, versus a 1.34% rise in the benchmark S&P 500 index during the same period. IVV currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #2 of 108 ETFs in the Large Cap Blend ETFs category.
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