Kovack Advisors Inc. Cuts Position in Vanguard Dividend Appreciation ETF (NYSEARCA:VIG)

Kovack Advisors Inc. decreased its position in shares of Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) by 20.1% during the third quarter, HoldingsChannel reports. 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.

Other hedge funds have also recently added to or reduced their stakes in the company. Family Firm Inc. bought a new stake in Vanguard Dividend Appreciation ETF in the 2nd quarter worth approximately $25,000. Eagle Bay Advisors LLC bought a new stake in shares of Vanguard Dividend Appreciation ETF in the 1st quarter worth approximately $26,000. 1620 Investment Advisors Inc. purchased a new stake in shares of Vanguard Dividend Appreciation ETF in the 2nd quarter valued at $26,000. Providence Capital Advisors LLC purchased a new stake in shares of Vanguard Dividend Appreciation ETF in the 2nd quarter valued at $33,000. Finally, HighMark Wealth Management LLC grew its holdings in shares of Vanguard Dividend Appreciation ETF by 371.8% during the 2nd quarter. HighMark Wealth Management LLC now owns 184 shares of the company’s stock valued at $34,000 after purchasing an additional 145 shares during the last quarter.

Vanguard Dividend Appreciation ETF Price Performance

Vanguard Dividend Appreciation ETF stock traded down $0.13 during mid-day trading 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. The business has a 50 day moving average price of $197.49 and a 200-day moving average price of $189.35. Vanguard Dividend Appreciation ETF has a 12 month low of $160.40 and a 12 month high of $203.80. The stock has a market cap of $87.10 billion, a price-to-earnings ratio of 24.54 and a beta of 0.78.

Vanguard Dividend Appreciation ETF 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.