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

Kovack Advisors Inc. raised its stake in shares of Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) by 25.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 28,774 shares of the company’s stock after acquiring an additional 5,877 shares during the period. Vanguard Dividend Appreciation ETF makes up approximately 0.6% of Kovack Advisors Inc.’s holdings, making the stock its 25th biggest position. Kovack Advisors Inc.’s holdings in Vanguard Dividend Appreciation ETF were worth $4,903,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new position in Vanguard Dividend Appreciation ETF during the 4th quarter valued at about $31,000. Provence Wealth Management Group purchased a new stake in shares of Vanguard Dividend Appreciation ETF during the 3rd quarter valued at about $29,000. Sawyer & Company Inc purchased a new stake in shares of Vanguard Dividend Appreciation ETF during the 3rd quarter valued at about $31,000. Sittner & Nelson LLC increased its position in shares of Vanguard Dividend Appreciation ETF by 368.0% during the 3rd quarter. Sittner & Nelson LLC now owns 234 shares of the company’s stock valued at $36,000 after purchasing an additional 184 shares during the last quarter. Finally, Providence Capital Advisors LLC purchased a new stake in shares of Vanguard Dividend Appreciation ETF during the 3rd quarter valued at about $38,000.

Vanguard Dividend Appreciation ETF Stock Performance

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

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.