Kovack Advisors, Inc. Buys Apple Inc, Alphabet Inc, Johnson & Johnson, Sells Vanguard Short-Term Corporate Bond ETF, SPDR Dow Jones Industrial Average, iShares Core U.S. Aggregate Bond

• New Purchases: AAPL, GOOGL, JNJ, BABA, MO, DGRW, NOC, CELG, FILL, GILD,
• Added Positions: PEP, SRLN, GIS, BUD, CRM, TSCO, CWB, ADBE, MA, IVV,
• Reduced Positions: VCSH, DIA, AGG, VIG, CSJ, BX, VZ, COP, XOM, XLK,
• Sold Out: RPG, AADR, SPLV, PPA, AKAM, OEF, TLT, BND, BOND, SPHQ,

For the details of Kovack Advisors, Inc.'s stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Kovack+Advisors%2C+Inc.

1. Apple Inc (AAPL) - 132,106 shares, 7.62% of the total portfolio. New Position
2. Amazon.com Inc (AMZN) - 8,916 shares, 4.72% of the total portfolio. Shares reduced by 2%
3. SPDR S&P 500 (SPY) - 47,352 shares, 4% of the total portfolio. Shares reduced by 3.55%
4. Vanguard Total Stock Market (VTI) - 48,101 shares, 2.1% of the total portfolio. Shares added by 0.17%
5. iShares U.S. Aerospace & Defense (ITA) - 30,155 shares, 1.81% of the total portfolio. Shares reduced by 8.73%

Kovack Advisors, Inc. initiated holding in Apple Inc. The purchase prices were between $162.32 and $193.98, with an estimated average price of $181.31. The stock is now traded at around $226.87. The impact to a portfolio due to this purchase was 7.62%. The holding were 132,106 shares as of 2018-06-30.

Kovack Advisors, Inc. initiated holding in Alphabet Inc. The purchase prices were between $1009.95 and $1184.07, with an estimated average price of $1087.78. The stock is now traded at around $1196.35. The impact to a portfolio due to this purchase was 1.7%. The holding were 4,827 shares as of 2018-06-30.

Kovack Advisors, Inc. initiated holding in Johnson & Johnson. The purchase prices were between $119.4 and $131.76, with an estimated average price of $124.84. The stock is now traded at around $135.86. The impact to a portfolio due to this purchase was 0.91%. The holding were 24,027 shares as of 2018-06-30.

Kovack Advisors, Inc. initiated holding in Alibaba Group Holding Ltd. The purchase prices were between $167.52 and $210.86, with an estimated average price of $190.49. The stock is now traded at around $164.23. The impact to a portfolio due to this purchase was 0.86%. The holding were 14,918 shares as of 2018-06-30.

Kovack Advisors, Inc. initiated holding in Altria Group Inc. The purchase prices were between $54.52 and $64.54, with an estimated average price of $57.7. The stock is now traded at around $60.65. The impact to a portfolio due to this purchase was 0.4%. The holding were 22,479 shares as of 2018-06-30.

Kovack Advisors, Inc. initiated holding in WisdomTree U.S. Quality Dividend Growth Fund. The purchase prices were between $39.41 and $42.43, with an estimated average price of $41.05. The stock is now traded at around $43.94. The impact to a portfolio due to this purchase was 0.29%. The holding were 22,465 shares as of 2018-06-30.

Kovack Advisors, Inc. added to a holding in PepsiCo Inc by 151.03%. The purchase prices were between $96.16 and $110.57, with an estimated average price of $103.34. The stock is now traded at around $112.87. The impact to a portfolio due to this purchase was 0.32%. The holding were 15,895 shares as of 2018-06-30.

Kovack Advisors, Inc. added to a holding in SPDR Blackstone GSO Senior Loan by 32.99%. The purchase prices were between $46.97 and $47.44, with an estimated average price of $47.26. The stock is now traded at around $47.09. The impact to a portfolio due to this purchase was 0.29%. The holding were 78,535 shares as of 2018-06-30.

Kovack Advisors, Inc. added to a holding in General Mills Inc by 177.42%. The purchase prices were between $41.21 and $46.06, with an estimated average price of $43.79. The stock is now traded at around $45.55. The impact to a portfolio due to this purchase was 0.23%. The holding were 26,094 shares as of 2018-06-30.

Kovack Advisors, Inc. added to a holding in Anheuser-Busch InBev SA/NV by 317.31%. The purchase prices were between $92.34 and $110.04, with an estimated average price of $99.28. The stock is now traded at around $90.89. The impact to a portfolio due to this purchase was 0.19%. The holding were 7,933 shares as of 2018-06-30.

Kovack Advisors, Inc. added to a holding in Salesforce.com Inc by 90.25%. The purchase prices were between $115.3 and $139.8, with an estimated average price of $127.55. The stock is now traded at around $148.63. The impact to a portfolio due to this purchase was 0.18%. The holding were 8,784 shares as of 2018-06-30.

Kovack Advisors, Inc. added to a holding in Tractor Supply Co by 194.31%. The purchase prices were between $58.32 and $77.95, with an estimated average price of $69.43. The stock is now traded at around $90.19. The impact to a portfolio due to this purchase was 0.17%. The holding were 10,492 shares as of 2018-06-30.

Kovack Advisors, Inc. sold out a holding in Invesco S&P 500 Pure Growth. The sale prices were between $106.85 and $119.56, with an estimated average price of $113.47.

Kovack Advisors, Inc. sold out a holding in AdvisorShares Dorsey Wright ADR. The sale prices were between $53.15 and $60.11, with an estimated average price of $58.06.

Kovack Advisors, Inc. sold out a holding in Invesco S&P 500 Low Volatility. The sale prices were between $46.17 and $47.56, with an estimated average price of $46.9.

Kovack Advisors, Inc. sold out a holding in Invesco Aerospace & Defense. The sale prices were between $54.27 and $58.94, with an estimated average price of $56.73.

Kovack Advisors, Inc. sold out a holding in Akamai Technologies Inc. The sale prices were between $69.25 and $82.58, with an estimated average price of $75.01.

Kovack Advisors, Inc. sold out a holding in iShares 20+ Year Treasury Bond ETF. The sale prices were between $116.21 and $122.24, with an estimated average price of $119.62.

Kovack Advisors, Inc. reduced to a holding in Vanguard Short-Term Corporate Bond ETF by 70.93%. The sale prices were between $77.85 and $78.49, with an estimated average price of $78.11. The stock is now traded at around $78.18. The impact to a portfolio due to this sale was -1.2%. Kovack Advisors, Inc. still held 23,194 shares as of 2018-06-30.

Kovack Advisors, Inc. reduced to a holding in SPDR Dow Jones Industrial Average by 54.28%. The sale prices were between $236.15 and $253.39, with an estimated average price of $245.54. The stock is now traded at around $259.92. The impact to a portfolio due to this sale was -1.08%. Kovack Advisors, Inc. still held 13,950 shares as of 2018-06-30.

Kovack Advisors, Inc. reduced to a holding in iShares Core U.S. Aggregate Bond by 69.57%. The sale prices were between $105.03 and $107.01, with an estimated average price of $106.04. The stock is now traded at around $106.01. The impact to a portfolio due to this sale was -0.8%. Kovack Advisors, Inc. still held 12,082 shares as of 2018-06-30.

Kovack Advisors, Inc. reduced to a holding in Vanguard Div Appreciation by 46.57%. The sale prices were between $98.53 and $104.85, with an estimated average price of $101.94. The stock is now traded at around $109.52. The impact to a portfolio due to this sale was -0.53%. Kovack Advisors, Inc. still held 22,167 shares as of 2018-06-30.

Kovack Advisors, Inc. reduced to a holding in iShares Trust by 47.42%. The sale prices were between $103.5 and $104.11, with an estimated average price of $103.67. The stock is now traded at around $103.71. The impact to a portfolio due to this sale was -0.52%. Kovack Advisors, Inc. still held 20,391 shares as of 2018-06-30.

Kovack Advisors, Inc. reduced to a holding in Blackstone Group LP by 63.65%. The sale prices were between $30.71 and $33.3, with an estimated average price of $31.82. The stock is now traded at around $36.47. The impact to a portfolio due to this sale was -0.41%. Kovack Advisors, Inc. still held 27,010 shares as of 2018-06-30.