In this article, we discuss 5 of the biggest ETF companies in the USA. If you want to see more of the biggest ETF companies in the USA, go directly to 10 Biggest ETF Companies in USA.
5. The Charles Schwab Corporation (NYSE:SCHW)
ETF Assets Under Management: $239.22 billion
The Charles Schwab Corporation (NYSE:SCHW) is a leading investment services firm with over $6.6 trillion in assets. Over time, The Charles Schwab Corporation (NYSE:SCHW) has grown from a discount brokerage into a leading investment services firm and a leader in asset management and also retirement planning. In terms of its operations, The Charles Schwab Corporation (NYSE:SCHW) has 33.9 million brokerage accounts, 2.3 million corporate retirement plan participants as well as 1.7 million banking accounts. The company also offers 25 low cost ETFs that cover a range of asset classes and fund companies. As of July 2022, The Charles Schwab Corporation (NYSE:SCHW) had ETF assets under management of almost $240 billion.
4. Invesco
ETF Assets Under Management: $334.45 billion
Invesco is a global investment firm with around 8,400 employees in over 26 countries with a total of $1.3 trillion in client assets as of September 30, 2022. In terms of its ETFs, the company offers over 200 ETFs and manages around $334.45 billion in ETF AUM as of July 2022. Given its ETF AUM, Invesco ranks #4 on our list of 10 Biggest ETF Companies in USA.
3. State Street Corporation (NYSE:STT)
ETF Assets Under Management: $874.17 billion
State Street Corporation (NYSE:STT) is a leading investment services firm that is the issuer of the most popular ETF, the SPDR S&P 500 ETF Trust. In addition to its other ETFs, State Street Corporation (NYSE:STT) has ETFs Assets Under Management of $874.17 billion which ranks it 3rd among the 10 biggest ETF companies in USA.
For its third quarter, State Street Corporation (NYSE:STT) reported EPS of $1.82 when excluding notable items, down 9% year over year. Total revenue fell 1% year over year to $3 billion as the lower equity and fixed income market levels caused State Street Corporation (NYSE:STT)’s fee revenue to decline 8% year over year. For the quarter, the company returned $232 million to shareholders through a declared common dividend of $0.63 per share. State Street Corporation (NYSE:STT) also intends to buy back around $1 billion of common stock in the fourth quarter of 2022.
2. Vanguard
ETF Assets Under Management: $1.8 trillion
With $1.8 trillion in ETF assets under management, Vanguard is the second largest issuer of ETFs in the USA.
Vanguard’s ETF business has been a growing one as well as the company’s ETF business has gathered inflows of $656 billion from the beginning of 2020 according to a September 2022 Financial Times article. That’s even higher than first place BlackRock, Inc. (NYSE:BLK)’s iShare’s inflows of $411 billion over the same period.
Head of research at VettaFi Todd Rosenbluth said, “The race in the US ETF market will be far from over even if the leadership baton does pass from BlackRock to Vanguard. Both managers are winning a disproportionately large share of an [ETF] pie that is continuing to grow.”
Together Vanguard and BlackRock, Inc. (NYSE:BLK) account for over 60% of the U.S. ETF market.
1. BlackRock, Inc. (NYSE:BLK)
ETF Assets Under Management: $2.11 trillion
With $2.11 trillion in ETFs under assets, BlackRock, Inc. (NYSE:BLK) is the largest ETF issuer in the USA.
BlackRock, Inc. (NYSE:BLK) captured the lead in the ETF industry by buying the popular iShares ETF business from Barclays in 2009. The acquisition has been a good one as the iShares ETF business has grown substantially. BlackRock has a broad set of ETFs that try to appeal to institutional as well as retail clients.
For its third quarter, BlackRock, Inc. (NYSE:BLK) reported adjusted EPS of $9.55 on revenue of $4.31 billion down 16% and 15% year over year respectively. In the quarter, the company repurchased $375 million shares and it ended the period with total AUM of over $9.46 trillion.
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