Kovack Advisors Inc. Increases Stock Holdings in Vanguard Dividend Appreciation ETF $VIG

Kovack Advisors Inc. lifted its stake in shares of Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) by 10.6% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 56,876 shares of the company’s stock after acquiring an additional 5,458 shares during the period. Vanguard Dividend Appreciation ETF makes up 0.6% of Kovack Advisors Inc.’s holdings, making the stock its 27th biggest holding. Kovack Advisors Inc.’s holdings in Vanguard Dividend Appreciation ETF were worth $13,454,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VIG. Bank of America Corp DE boosted its position in Vanguard Dividend Appreciation ETF by 16.2% in the 4th quarter. Bank of America Corp DE now owns 24,739,680 shares of the company’s stock valued at $5,437,287,000 after buying an additional 3,448,292 shares during the last quarter. Morgan Stanley increased its position in shares of Vanguard Dividend Appreciation ETF by 2.0% during the fourth quarter. Morgan Stanley now owns 12,774,029 shares of the company’s stock worth $2,807,477,000 after acquiring an additional 247,444 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Vanguard Dividend Appreciation ETF by 2.2% during the fourth quarter. Wells Fargo & Company MN now owns 10,814,160 shares of the company’s stock worth $2,376,736,000 after acquiring an additional 228,122 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Vanguard Dividend Appreciation ETF by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 10,690,700 shares of the company’s stock worth $2,349,602,000 after acquiring an additional 130,639 shares in the last quarter. Finally, Wealthfront Advisers LLC lifted its stake in shares of Vanguard Dividend Appreciation ETF by 3.0% in the fourth quarter. Wealthfront Advisers LLC now owns 9,879,191 shares of the company’s stock worth $2,171,249,000 after acquiring an additional 287,085 shares in the last quarter.

Vanguard Dividend Appreciation ETF Stock Performance

Shares of VIG opened at $244.57 on Tuesday. Vanguard Dividend Appreciation ETF has a one year low of $208.73 and a one year high of $247.45. The stock has a 50-day moving average price of $239.64 and a 200 day moving average price of $230.68. The company has a market capitalization of $113.82 billion, a P/E ratio of 23.32 and a beta of 0.81.

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. The Vanguard Group, Inc, through its Quantitative Equity Group, serves as the investment advisor of the Fund.