Kovack Advisors Inc. Has $20.53 Million Stock Position in Vanguard S&P 500 ETF $VOO

Kovack Advisors Inc. boosted its stake in Vanguard S&P 500 ETF (NYSEARCA:VOO) by 6.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,135 shares of the company’s stock after buying an additional 2,195 shares during the quarter. Vanguard S&P 500 ETF makes up about 2.0% of Kovack Advisors Inc.’s investment portfolio, making the stock its 7th largest position. Kovack Advisors Inc.’s holdings in Vanguard S&P 500 ETF were worth $20,526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Afbi LP bought a new stake in shares of Vanguard S&P 500 ETF in the 1st quarter worth about $20,494,431,000. Vanguard Group Inc. boosted its position in Vanguard S&P 500 ETF by 5.9% in the first quarter. Vanguard Group Inc. now owns 34,450,749 shares of the company’s stock valued at $17,704,584,000 after buying an additional 1,933,389 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Vanguard S&P 500 ETF by 23.9% during the first quarter. JPMorgan Chase & Co. now owns 29,230,561 shares of the company’s stock worth $15,021,878,000 after buying an additional 5,647,924 shares during the last quarter. Raymond James Financial Inc. increased its holdings in shares of Vanguard S&P 500 ETF by 0.9% during the first quarter. Raymond James Financial Inc. now owns 26,653,704 shares of the company’s stock worth $13,697,605,000 after buying an additional 238,402 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Vanguard S&P 500 ETF by 2.9% during the first quarter. Goldman Sachs Group Inc. now owns 13,225,319 shares of the company’s stock worth $6,796,624,000 after buying an additional 373,546 shares in the last quarter.

Vanguard S&P 500 ETF Price Performance

Shares of VOO opened at $625.24 on Friday. The company has a market capitalization of $778.05 billion, a P/E ratio of 24.97 and a beta of 1.00. Vanguard S&P 500 ETF has a one year low of $442.80 and a one year high of $634.13. The business’s 50 day simple moving average is $608.29 and its 200-day simple moving average is $571.00.

About Vanguard S&P 500 ETF

Vanguard 500 Index Fund (the Fund) is an open-end investment company, or mutual fund. The Fund offers four classes of shares: Investor Shares, Admiral Shares, Signal Shares, and Exchange Traded Fund (ETF) Shares. The Fund seeks to track the investment performance of the Standard & Poor’s 500 Index, an unmanaged benchmark representing the United States large-capitalization stocks.