As markets continued to rise in April, assets held in exchange-traded funds increased for the third consecutive month.
According to monthly data from
Gains were evenly distributed across all 12 ETF categories, with six gaining more than $2 billion in assets. Small-cap ETFs had the largest gain, climbing $2.7 billion, followed by mid-cap ETFs, which gained $1.7 billion.
As of April 30, there were 888 ETFs managed by 31 investment managers nationally.
The top three ETF managers collective accounted for 84% of the U.S. listed ETF assets, down 0.3 percentage points since the end of last year.