Kovack Advisors Inc. trimmed its position in Amgen Inc. ( NASDAQ:AMGN – Get Rating ) by 7.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,459 shares of the medical research company's stock after selling 264 shares during the quarter. Kovack Advisors Inc.'s holdings in Amgen were worth $908,000 as of its most recent filing with the Securities and Exchange Commission. A number of other institutional investors and hedge funds have also modified their holdings of AMGN.

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