Vanguard Crosses $1 Trillion In ETF Assets

Issuer is second firm to hit the $1 trillion mark.

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Reviewed by: Heather Bell
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Edited by: Heather Bell

Last week, Vanguard became the second ETF issuer—after BlackRock—to cross the $1 trillion mark for ETF assets under management.

On June 17, the firm closed out the day with more than $996 billion in assets, and by the end of the next day, as U.S. stocks reached all-time highs, that amount had jumped to just over $1 trillion.

Vanguard offers a total of 80 ETFs, the largest of which is the Vanguard Total Stock Market ETF (VTI), which has $116 billion in assets under management. On the day it crossed into $1 trillion territory, Vanguard had eight ETFs included among the top 10 funds for inflows, with the Vanguard Mid-Cap ETF (VO) pulling in more than any other U.S.-listed ETF, with inflows of more than $2 billion.

State Street Global Advisors is in third place among U.S. ETF issuers, with more than $640 billion in AUM spread among 141 ETFs, the largest of which is the $266 billion SPDR S&P 500 ETF Trust (SPY).

Vanguard’s 80 funds have an average of about $12.5 billion under management, while BlackRock’s average AUM for its funds is $4.3 billion. BlackRock has 360 ETFs currently trading on U.S. markets with a total of $1.6 trillion in AUM.

Contact Heather Bell at [email protected]

Heather Bell is a former managing editor of etf.com. She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a graduate of Dartmouth college and resides in the Denver area with her two dogs.