Kovack Advisors Inc. Boosts Position in Vanguard S&P 500 ETF (NYSEARCA:VOO)

Kovack Advisors Inc. increased its position in Vanguard S&P 500 ETF (NYSEARCA:VOO) by 5.6% in the third quarter, Holdings Channel.com reports. The firm owned 29,221 shares of the company’s stock after acquiring an additional 1,557 shares during the period. Vanguard S&P 500 ETF comprises approximately 1.6% of Kovack Advisors Inc.’s portfolio, making the stock its 8th largest holding. Kovack Advisors Inc.’s holdings in Vanguard S&P 500 ETF were worth $15,419,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in VOO. Marquette Asset Management LLC acquired a new position in Vanguard S&P 500 ETF in the third quarter valued at about $36,000. Abich Financial Wealth Management LLC bought a new stake in shares of Vanguard S&P 500 ETF in the 2nd quarter valued at about $50,000. Kennebec Savings Bank acquired a new stake in shares of Vanguard S&P 500 ETF in the 3rd quarter valued at approximately $51,000. Mendota Financial Group LLC bought a new position in Vanguard S&P 500 ETF during the 3rd quarter worth approximately $53,000. Finally, Kings Path Partners LLC acquired a new position in Vanguard S&P 500 ETF during the third quarter valued at approximately $55,000.

Vanguard S&P 500 ETF Stock Performance

NYSEARCA:VOO traded up $0.08 during trading hours on Wednesday, hitting $548.83. The stock had a trading volume of 901,660 shares, compared to its average volume of 5,237,819. The business’s 50 day moving average is $526.75 and its 200-day moving average is $507.14. The company has a market cap of $497.22 billion, a price-to-earnings ratio of 25.04 and a beta of 1.00. Vanguard S&P 500 ETF has a one year low of $409.89 and a one year high of $551.73.

About Vanguard S&P 500 ETF

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.