Kovack Advisors, Inc. Buys SPDR S&P 500, SPDR S&P Health Care Equipment, SPDR S&P Aerospace & Defense, Sells Amazon.com Inc, iShares U.S. Aerospace & Defense, Facebook Inc

• New Purchases: XHE, XAR, IJT, NOW, IJS, HUM, INTU, RSP, OXY, TJX,
• Added Positions: SPY, IJR, ARKW, T, IGSB, QQQ, IDXX, LMT, IWM, IVW,
• Reduced Positions: AMZN, AAPL, ITA, FB, SQ, BABA, GOOGL, PCI, V, ALGN,
• Sold Out: VFH, I, TXT, AVAV, JD, LB, BWX, DATA, AMD, PFN,

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) - 105,709 shares, 6.69% of the total portfolio. Shares reduced by 19.98%
2. SPDR S&P 500 (SPY) - 63,124 shares, 5.14% of the total portfolio. Shares added by 33.31%
3. Amazon.com Inc (AMZN) - 5,627 shares, 3.16% of the total portfolio. Shares reduced by 36.89%
4. Vanguard Total Stock Market (VTI) - 44,385 shares, 1.86% of the total portfolio. Shares reduced by 7.73%
5. iShares Core S&P 500 (IVV) - 18,967 shares, 1.56% of the total portfolio. Shares reduced by 0.17%

Kovack Advisors, Inc. initiated holding in SPDR S&P Health Care Equipment. The purchase prices were between $78.7 and $88.81, with an estimated average price of $83.63. The stock is now traded at around $78.92. The impact to a portfolio due to this purchase was 1.03%. The holding were 41,749 shares as of 2018-09-30.

Kovack Advisors, Inc. initiated holding in SPDR S&P Aerospace & Defense. The purchase prices were between $87.14 and $100.89, with an estimated average price of $94.33. The stock is now traded at around $88.11. The impact to a portfolio due to this purchase was 0.72%. The holding were 25,981 shares as of 2018-09-30.

Kovack Advisors, Inc. initiated holding in iShares S&P Small-Cap 600 Growth ETF. The purchase prices were between $191.17 and $209.07, with an estimated average price of $200.99. The stock is now traded at around $185.15. The impact to a portfolio due to this purchase was 0.21%. The holding were 3,683 shares as of 2018-09-30.

Kovack Advisors, Inc. initiated holding in ServiceNow Inc. The purchase prices were between $175.96 and $204.58, with an estimated average price of $189.12. The stock is now traded at around $188.09. The impact to a portfolio due to this purchase was 0.19%. The holding were 3,388 shares as of 2018-09-30.

Kovack Advisors, Inc. initiated holding in iShares S&P SmallCap 600 Value. The purchase prices were between $164.56 and $173.25, with an estimated average price of $168.97. The stock is now traded at around $152.35. The impact to a portfolio due to this purchase was 0.19%. The holding were 4,089 shares as of 2018-09-30.

Kovack Advisors, Inc. initiated holding in Humana Inc. The purchase prices were between $298.8 and $340.61, with an estimated average price of $324.9. The stock is now traded at around $333.48. The impact to a portfolio due to this purchase was 0.18%. The holding were 1,894 shares as of 2018-09-30.

Kovack Advisors, Inc. added to a holding in SPDR S&P 500 by 33.31%. The purchase prices were between $270.9 and $293.58, with an estimated average price of $284.63. The stock is now traded at around $279.30. The impact to a portfolio due to this purchase was 1.28%. The holding were 63,124 shares as of 2018-09-30.

Kovack Advisors, Inc. added to a holding in iShares Core S&P Small-Cap by 314.39%. The purchase prices were between $84.33 and $90.31, with an estimated average price of $87.6. The stock is now traded at around $79.78. The impact to a portfolio due to this purchase was 0.64%. The holding were 34,241 shares as of 2018-09-30.

Kovack Advisors, Inc. added to a holding in ARK Web x.0 by 261.78%. The purchase prices were between $54.91 and $59.9, with an estimated average price of $57.53. The stock is now traded at around $55.37. The impact to a portfolio due to this purchase was 0.59%. The holding were 51,073 shares as of 2018-09-30.

Kovack Advisors, Inc. added to a holding in AT&T Inc by 38.86%. The purchase prices were between $30.25 and $33.91, with an estimated average price of $32.43. The stock is now traded at around $31.71. The impact to a portfolio due to this purchase was 0.36%. The holding were 136,436 shares as of 2018-09-30.

Kovack Advisors, Inc. added to a holding in iShares 1-3 Year Credit Bond ETF by 96.27%. The purchase prices were between $103.5 and $103.71, with an estimated average price of $103.63. The stock is now traded at around $51.44. The impact to a portfolio due to this purchase was 0.28%. The holding were 40,021 shares as of 2018-09-30.

Kovack Advisors, Inc. added to a holding in PowerShares QQQ Trust Ser 1 by 36.42%. The purchase prices were between $170.8 and $186.74, with an estimated average price of $180.83. The stock is now traded at around $172.33. The impact to a portfolio due to this purchase was 0.26%. The holding were 18,354 shares as of 2018-09-30.

Kovack Advisors, Inc. sold out a holding in Vanguard Financials. The sale prices were between $67.33 and $72.74, with an estimated average price of $70.64.

Kovack Advisors, Inc. sold out a holding in Intelsat SA. The sale prices were between $16.84 and $30, with an estimated average price of $21.87.

Kovack Advisors, Inc. sold out a holding in Textron Inc. The sale prices were between $65.39 and $72.3, with an estimated average price of $68.22.

Kovack Advisors, Inc. sold out a holding in AeroVironment Inc. The sale prices were between $70.22 and $119.83, with an estimated average price of $86.7.

Kovack Advisors, Inc. sold out a holding in JD.com Inc. The sale prices were between $24.51 and $39.46, with an estimated average price of $32.82.

Kovack Advisors, Inc. sold out a holding in L Brands Inc. The sale prices were between $26.13 and $37.81, with an estimated average price of $30.93.

Kovack Advisors, Inc. reduced to a holding in Amazon.com Inc by 36.89%. The sale prices were between $1693.96 and $2039.51, with an estimated average price of $1880.69. The stock is now traded at around $1772.36. The impact to a portfolio due to this sale was -1.74%. Kovack Advisors, Inc. still held 5,627 shares as of 2018-09-30.

Kovack Advisors, Inc. reduced to a holding in iShares U.S. Aerospace & Defense by 43.1%. The sale prices were between $192.92 and $217.61, with an estimated average price of $205.57. The stock is now traded at around $193.45. The impact to a portfolio due to this sale was -0.78%. Kovack Advisors, Inc. still held 17,158 shares as of 2018-09-30.

Kovack Advisors, Inc. reduced to a holding in Facebook Inc by 21.88%. The sale prices were between $160.3 and $217.5, with an estimated average price of $181.03. The stock is now traded at around $141.09. The impact to a portfolio due to this sale was -0.36%. Kovack Advisors, Inc. still held 21,193 shares as of 2018-09-30.

Kovack Advisors, Inc. reduced to a holding in Square Inc by 73.33%. The sale prices were between $61.75 and $99.01, with an estimated average price of $77.13. The stock is now traded at around $71.95. The impact to a portfolio due to this sale was -0.32%. Kovack Advisors, Inc. still held 5,930 shares as of 2018-09-30.

Kovack Advisors, Inc. reduced to a holding in Alibaba Group Holding Ltd by 34.52%. The sale prices were between $156.36 and $197.98, with an estimated average price of $176.96. The stock is now traded at around $163.74. The impact to a portfolio due to this sale was -0.3%. Kovack Advisors, Inc. still held 9,768 shares as of 2018-09-30.

Kovack Advisors, Inc. reduced to a holding in PIMCO Dynamic Credit & Mortgage Income Fund by 59.64%. The sale prices were between $23.6 and $24.41, with an estimated average price of $24.07. The stock is now traded at around $23.16. The impact to a portfolio due to this sale was -0.19%. Kovack Advisors, Inc. still held 17,494 shares as of 2018-09-30.