Kovack Advisors Inc. Decreases Stock Holdings in Vanguard S&P 500 ETF (NYSEARCA:VOO)

Kovack Advisors Inc. cut its holdings in Vanguard S&P 500 ETF (NYSEARCA:VOO) by 7.6% during the 4th quarter, Holdings Channel reports. The fund owned 26,988 shares of the company’s stock after selling 2,233 shares during the period. Vanguard S&P 500 ETF comprises 1.4% of Kovack Advisors Inc.’s portfolio, making the stock its 9th biggest holding. Kovack Advisors Inc.’s holdings in Vanguard S&P 500 ETF were worth $14,542,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Your Advocates Ltd. LLP bought a new position in Vanguard S&P 500 ETF in the fourth quarter worth approximately $29,000. Asset Management One Co. Ltd. raised its position in shares of Vanguard S&P 500 ETF by 185.0% during the 4th quarter. Asset Management One Co. Ltd. now owns 57 shares of the company’s stock valued at $31,000 after purchasing an additional 37 shares during the period. Prospera Private Wealth LLC bought a new stake in shares of Vanguard S&P 500 ETF during the 3rd quarter valued at $46,000. Urban Financial Advisory Corp bought a new stake in shares of Vanguard S&P 500 ETF during the 3rd quarter valued at $51,000. Finally, Kennebec Savings Bank bought a new stake in shares of Vanguard S&P 500 ETF during the 3rd quarter valued at $51,000.

Vanguard S&P 500 ETF Price Performance

Shares of VOO stock opened at $546.75 on Thursday. The company has a market capitalization of $1.45 trillion, a price-to-earnings ratio of 26.67 and a beta of 1.01. Vanguard S&P 500 ETF has a one year low of $453.90 and a one year high of $563.92. The company’s fifty day moving average price is $550.08 and its 200-day moving average price is $537.39.

Vanguard S&P 500 ETF Company 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.