Kovack Advisors Inc. Sells 5,102 Shares of Vanguard Dividend Appreciation ETF (NYSEARCA:VIG)

Kovack Advisors Inc. cut its stake in shares of Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) by 20.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,298 shares of the company’s stock after selling 5,102 shares during the period. Kovack Advisors Inc.’s holdings in Vanguard Dividend Appreciation ETF were worth $4,020,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Strategic Financial Concepts LLC boosted its holdings in Vanguard Dividend Appreciation ETF by 33,295.6% in the 2nd quarter. Strategic Financial Concepts LLC now owns 8,775,034 shares of the company’s stock valued at $1,601,882,000 after purchasing an additional 8,748,758 shares during the period. Cetera Investment Advisers boosted its stake in Vanguard Dividend Appreciation ETF by 505.7% during the first quarter. Cetera Investment Advisers now owns 813,293 shares of the company’s stock valued at $148,515,000 after buying an additional 679,010 shares during the period. Vanguard Group Inc. boosted its stake in Vanguard Dividend Appreciation ETF by 5.7% during the first quarter. Vanguard Group Inc. now owns 8,635,317 shares of the company’s stock valued at $1,576,895,000 after buying an additional 466,457 shares during the period. Sanctuary Advisors LLC purchased a new position in Vanguard Dividend Appreciation ETF during the second quarter worth about $73,967,000. Finally, Waverly Advisors LLC increased its stake in Vanguard Dividend Appreciation ETF by 37.9% in the 1st quarter. Waverly Advisors LLC now owns 770,803 shares of the company’s stock worth $140,756,000 after acquiring an additional 211,811 shares during the last quarter.

Vanguard Dividend Appreciation ETF Price Performance

Shares of NYSEARCA:VIG traded down $0.13 on Wednesday, hitting $201.46. The company’s stock had a trading volume of 178,875 shares, compared to its average volume of 820,187. Vanguard Dividend Appreciation ETF has a 1 year low of $160.40 and a 1 year high of $203.80. The company has a market capitalization of $87.10 billion, a PE ratio of 24.54 and a beta of 0.78. The company has a 50-day simple moving average of $197.49 and a 200 day simple moving average of $189.35.

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.