Kovack Advisors Inc. Decreases Position in Vanguard Dividend Appreciation ETF (NYSEARCA:VIG)

Kovack Advisors Inc. decreased its stake in Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) by 0.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,663 shares of the company’s stock after selling 111 shares during the period. Vanguard Dividend Appreciation ETF makes up 0.6% of Kovack Advisors Inc.’s portfolio, making the stock its 29th biggest position. Kovack Advisors Inc.’s holdings in Vanguard Dividend Appreciation ETF were worth $5,234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of Vanguard Dividend Appreciation ETF in the fourth quarter worth about $31,000. Opal Wealth Advisors LLC acquired a new position in shares of Vanguard Dividend Appreciation ETF in the first quarter worth about $34,000. VisionPoint Advisory Group LLC acquired a new position in shares of Vanguard Dividend Appreciation ETF in the fourth quarter worth about $38,000. Life Planning Partners Inc acquired a new position in shares of Vanguard Dividend Appreciation ETF in the fourth quarter worth about $42,000. Finally, VitalStone Financial LLC lifted its stake in shares of Vanguard Dividend Appreciation ETF by 435.7% in the third quarter. VitalStone Financial LLC now owns 300 shares of the company’s stock worth $48,000 after acquiring an additional 244 shares in the last quarter.

Vanguard Dividend Appreciation ETF Stock Performance

Shares of NYSEARCA:VIG traded up $0.24 during trading on Thursday, hitting $183.51. The company’s stock had a trading volume of 460,158 shares, compared to its average volume of 913,424. Vanguard Dividend Appreciation ETF has a fifty-two week low of $149.67 and a fifty-two week high of $186.30. The stock’s 50-day moving average price is $181.21 and its two-hundred day moving average price is $177.37. The company has a market capitalization of $79.34 billion, a PE ratio of 24.54 and a beta of 0.78.

Vanguard Dividend Appreciation ETF Company Profile

Vanguard Dividend Appreciation ETF (the Fund) seeks to track the investment performance of the Dividend Achievers Select Index. Vanguard Dividend Appreciation ETF is an exchange-traded share class of Vanguard Dividend Appreciation Index Fund. The Fund will hold all the stocks in the index in approximately the same proportions as their weightings in the index.