Kovack Advisors Inc. Purchases 5,877 Shares of Vanguard Dividend Appreciation ETF (NYSEARCA:VIG)

Kovack Advisors Inc. grew its position in shares of Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) by 25.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,774 shares of the company’s stock after purchasing an additional 5,877 shares during the quarter. Vanguard Dividend Appreciation ETF comprises approximately 0.6% of Kovack Advisors Inc.’s investment portfolio, making the stock its 25th largest position. Kovack Advisors Inc.’s holdings in Vanguard Dividend Appreciation ETF were worth $4,903,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. New England Private Wealth Advisors LLC raised its holdings in Vanguard Dividend Appreciation ETF by 1.5% during the 4th quarter. New England Private Wealth Advisors LLC now owns 234,601 shares of the company’s stock worth $39,975,000 after purchasing an additional 3,428 shares during the last quarter. McClarren Financial Advisors Inc. raised its holdings in Vanguard Dividend Appreciation ETF by 0.7% during the 4th quarter. McClarren Financial Advisors Inc. now owns 35,601 shares of the company’s stock worth $6,066,000 after purchasing an additional 263 shares during the last quarter. Gould Asset Management LLC CA raised its holdings in Vanguard Dividend Appreciation ETF by 13.1% during the 4th quarter. Gould Asset Management LLC CA now owns 1,510 shares of the company’s stock worth $257,000 after purchasing an additional 175 shares during the last quarter. Syon Capital LLC raised its holdings in Vanguard Dividend Appreciation ETF by 66.8% during the 4th quarter. Syon Capital LLC now owns 70,062 shares of the company’s stock worth $11,938,000 after purchasing an additional 28,055 shares during the last quarter. Finally, Meritage Portfolio Management bought a new position in Vanguard Dividend Appreciation ETF during the 4th quarter worth approximately $231,000.

Vanguard Dividend Appreciation ETF Price Performance

Shares of NYSEARCA:VIG traded up $0.18 during mid-day trading on Friday, hitting $176.73. The company had a trading volume of 891,992 shares, compared to its average volume of 1,017,408. The firm has a fifty day moving average price of $178.50 and a 200 day moving average price of $170.13. The company has a market capitalization of $76.40 billion, a PE ratio of 24.56 and a beta of 0.80. Vanguard Dividend Appreciation ETF has a one year low of $149.67 and a one year high of $183.52.

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.