Kovack Advisors Inc. Has $9.91 Million Stock Position in Vanguard S&P 500 ETF (NYSEARCA:VOO)

Kovack Advisors Inc. boosted its position in Vanguard S&P 500 ETF (NYSEARCA:VOO) by 8.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,622 shares of the company’s stock after buying an additional 1,567 shares during the period. Vanguard S&P 500 ETF makes up approximately 1.2% of Kovack Advisors Inc.’s portfolio, making the stock its 12th biggest position. Kovack Advisors Inc.’s holdings in Vanguard S&P 500 ETF were worth $9,913,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VOO. Raymond James & Associates raised its position in shares of Vanguard S&P 500 ETF by 1.7% during the fourth quarter. Raymond James & Associates now owns 23,203,848 shares of the company’s stock worth $10,135,441,000 after purchasing an additional 383,340 shares during the period. Vanguard Group Inc. increased its stake in Vanguard S&P 500 ETF by 5.7% during the 4th quarter. Vanguard Group Inc. now owns 22,840,105 shares of the company’s stock valued at $9,976,558,000 after purchasing an additional 1,233,726 shares in the last quarter. Cerity Partners LLC raised its holdings in Vanguard S&P 500 ETF by 850.0% during the fourth quarter. Cerity Partners LLC now owns 8,877,995 shares of the company’s stock worth $3,877,908,000 after buying an additional 7,943,467 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of Vanguard S&P 500 ETF by 48,075.4% in the fourth quarter. International Assets Investment Management LLC now owns 5,158,618 shares of the company’s stock valued at $2,253,284,000 after buying an additional 5,147,910 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Vanguard S&P 500 ETF by 10.0% during the fourth quarter. Wells Fargo & Company MN now owns 4,217,243 shares of the company’s stock valued at $1,842,092,000 after buying an additional 383,000 shares during the last quarter.

Vanguard S&P 500 ETF Trading Up 0.5 %

Shares of VOO traded up $2.28 on Thursday, reaching $506.81. The company’s stock had a trading volume of 2,131,086 shares, compared to its average volume of 5,138,997. Vanguard S&P 500 ETF has a twelve month low of $375.95 and a twelve month high of $507.14. The stock has a market capitalization of $459.15 billion, a PE ratio of 25.04 and a beta of 1.00. The firm has a fifty day moving average of $486.66 and a 200-day moving average of $467.63.

Vanguard S&P 500 ETF Profile

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.