Kovack Advisors Inc. Increases Position in Vanguard Dividend Appreciation ETF $VIG

Kovack Advisors Inc. increased its holdings in shares of Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) by 140.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,914 shares of the company’s stock after buying an additional 29,762 shares during the quarter. Vanguard Dividend Appreciation ETF accounts for about 0.6% of Kovack Advisors Inc.’s portfolio, making the stock its 26th largest position. Kovack Advisors Inc.’s holdings in Vanguard Dividend Appreciation ETF were worth $11,190,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VIG. Investment Research & Advisory Group Inc. purchased a new position in Vanguard Dividend Appreciation ETF during the 4th quarter worth $31,000. Eagle Bay Advisors LLC purchased a new position in Vanguard Dividend Appreciation ETF during the 4th quarter worth $31,000. Lloyd Advisory Services LLC. purchased a new position in Vanguard Dividend Appreciation ETF during the 4th quarter worth $31,000. Garner Asset Management Corp purchased a new position in Vanguard Dividend Appreciation ETF during the 4th quarter worth $35,000. Finally, Murphy & Mullick Capital Management Corp grew its stake in Vanguard Dividend Appreciation ETF by 158.7% during the 4th quarter. Murphy & Mullick Capital Management Corp now owns 163 shares of the company’s stock worth $36,000 after buying an additional 100 shares during the last quarter.

Vanguard Dividend Appreciation ETF Price Performance

Shares of VIG stock opened at $234.48 on Friday. Vanguard Dividend Appreciation ETF has a 1-year low of $198.37 and a 1-year high of $236.71. The stock’s fifty day moving average price is $228.10 and its 200 day moving average price is $224.43. The company has a market cap of $108.21 billion, a price-to-earnings ratio of 23.32 and a beta of 0.82.

About Vanguard Dividend Appreciation ETF

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. The Vanguard Group, Inc, through its Quantitative Equity Group, serves as the investment advisor of the Fund.