Pinnacle Financial Partners Inc Has $6.13 Million Stock Holdings in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV)

Pinnacle Financial Partners Inc increased its holdings in shares of Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) by 9.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 81,925 shares of the company’s stock after acquiring an additional 7,203 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in Vanguard Intermediate-Term Bond ETF were worth $6,132,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Montag A & Associates Inc. lifted its position in shares of Vanguard Intermediate-Term Bond ETF by 112.9% in the 4th quarter. Montag A & Associates Inc. now owns 379 shares of the company’s stock worth $28,000 after purchasing an additional 201 shares during the period. Blue Trust Inc. lifted its position in shares of Vanguard Intermediate-Term Bond ETF by 88.7% in the 3rd quarter. Blue Trust Inc. now owns 402 shares of the company’s stock worth $30,000 after purchasing an additional 189 shares during the period. Coastline Trust Co acquired a new position in shares of Vanguard Intermediate-Term Bond ETF in the 3rd quarter worth approximately $32,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Vanguard Intermediate-Term Bond ETF in the 4th quarter worth approximately $45,000. Finally, Financial Connections Group Inc. lifted its position in shares of Vanguard Intermediate-Term Bond ETF by 32.0% in the 4th quarter. Financial Connections Group Inc. now owns 681 shares of the company’s stock worth $50,000 after purchasing an additional 165 shares during the period.

Vanguard Intermediate-Term Bond ETF Stock Performance

Shares of NYSEARCA BIV opened at $75.59 on Friday. Vanguard Intermediate-Term Bond ETF has a 52-week low of $72.95 and a 52-week high of $78.89. The company’s 50 day moving average price is $74.86 and its 200-day moving average price is $76.24.

Vanguard Intermediate-Term Bond ETF Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, February 5th. Stockholders of record on Monday, February 3rd were given a $0.2531 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This is an increase from Vanguard Intermediate-Term Bond ETF’s previous dividend of $0.23.

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).