Pinnacle Financial Partners Inc. Trims Stake in Vanguard Intermediate-Term Bond ETF (BIV)

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Pinnacle Financial Partners Inc. reduced its stake in shares of Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 17.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 238,218 shares of the company’s stock after selling 51,475 shares during the period. Vanguard Intermediate-Term Bond ETF accounts for about 1.6% of Pinnacle Financial Partners Inc.’s holdings, making the stock its 9th biggest position. Pinnacle Financial Partners Inc. owned about 0.15% of Vanguard Intermediate-Term Bond ETF worth $19,172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Truvestments Capital LLC acquired a new position in shares of Vanguard Intermediate-Term Bond ETF during the 3rd quarter worth approximately $100,000. New Capital Management LP acquired a new position in shares of Vanguard Intermediate-Term Bond ETF during the 2nd quarter worth approximately $113,000. Providence Capital Advisors LLC acquired a new position in shares of Vanguard Intermediate-Term Bond ETF during the 2nd quarter worth approximately $117,000. BlackRock Inc. raised its position in shares of Vanguard Intermediate-Term Bond ETF by 276.5% during the 2nd quarter. BlackRock Inc. now owns 1,536 shares of the company’s stock worth $124,000 after purchasing an additional 1,128 shares during the last quarter. Finally, Patton Albertson Miller Group LLC acquired a new position in shares of Vanguard Intermediate-Term Bond ETF during the 3rd quarter worth approximately $132,000.

Shares of Vanguard Intermediate-Term Bond ETF stock traded down $0.17 during trading on Wednesday, hitting $79.85. 17,417 shares of the company were exchanged, compared to its average volume of 731,812. Vanguard Intermediate-Term Bond ETF has a fifty-two week low of $79.43 and a fifty-two week high of $84.59.

The business also recently disclosed a monthly dividend, which was paid on Thursday, October 4th. Investors of record on Tuesday, October 2nd were given a dividend of $0.1953 per share. The ex-dividend date was Monday, October 1st. This represents a $2.34 annualized dividend and a dividend yield of 2.94%.

Vanguard Intermediate-Term Bond ETF Profile

Vanguard Intermediate-Term Bond ETF (the Fund) seeks to track the performance of a market-weighted bond index with an intermediate-term, dollar-weighted average maturity. The Fund employs a passive management or indexing strategy designed to track the performance of the Barclays Capital U.S. 5-10 Year Government/Credit Bond Index (the Index).

Further Reading: Dividend

Want to see what other hedge funds are holding BIV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV).

Institutional Ownership by Quarter for Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV)

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