Charles Schwab Corp. (SCHW) saw a 26% increase in ETF assets in Q2, reaching $439.7 billion. Market gains and new investors contributed to the growth, with $80.3 billion pulled in through one million new brokerage accounts.

The S&P 500, tracked by Vanguard S&P 500 ETF Trust (VOO), gained 11% in Q2, rebounding from a brief bear market. Schwab’s equity funds saw significant inflows, with its largest fund, SCHD, attracting $1.8 billion.

Schwab’s proprietary ETFs saw significant growth, with its top fund SCHD holding $70.3 billion in assets and its second-largest fund, SCHX, pulling in $559.7 million in net inflows during Q2.

Other ETF issuers also benefitted from market gains, with Blackrock Inc. (BLK) reporting $85 billion in net flows for its iShares ETF franchise, reaching $4.7 trillion in AUM. State Street Corp. (STT) saw second-quarter ETF inflows more than double to $15 billion year over year.

Schwab’s shares surged 4.7% to an intraday record of $97.50, after reporting adjusted earnings per share of $1.14, beating estimates of $1.10.

Read more at Yahoo Finance: Charles Schwab Q2 ETF Assets Jump 26% as Markets Rise