Pinnacle Bank Buys Vanguard FTSE Emerging Markets, ProShares S&P 500 Dividend Aristocrats, Schwab U.S. TIPs, Sells Vanguard Short-Term Bond, Union Pacific Corp, Vanguard Large-Cap

• New Purchases: NOBL, SCHP, TLT, SLYV, NOC, SPYV, MNA, FBND, MAS, SCHV, SCHG, PWV, LHX, ALC, TFC, PDBC, JCI, ATR, NEAR, MDYG, IXN, ITT, IEF, GBF, ONEQ, EPP, INFO, PGX, EXPD, CRL, ICLR, VIPS, SLYG, SOXX, SPTL, TLH, DLR, CS, CAJ, BCS, ITA, MXI, NUAN, MBT, NAT, GTX, LX, FINV, CYBR, NOMD, JKS, FTS, SNE, SIMO, SNY, STM, RWT,
• Added Positions: VWO, VCSH, QQQ, VOO, O, TIP, EFA, IJR, IEFA, IJH, VIG, AAPL, HYS, IWM, VTI, PEP, WMT, IWR, IWS, UNH, ABBV, EEM, MUB, BLK, TXN, DIS, V, SCHF, CVS, HD, TMO, VZ, AVGO, IVV, IWD, SCHD, SCHH, ATO, CERN, SCHW, ECL, NEE, JPM, JNJ, SPGI, MET, NVS, PHG, PG, SBUX, SYK, VFC, PYPL, BIV, FVD, IWF, MDY, VCIT, T, ABT, ALL, BAM, EOG, EW, ENB, GE, ORCL, PPG, NTR, RIO, SO, GWW, ZTS, CQQQ, FDL, LQD, VXUS, XLK, ATVI, ATI, APA, BBVA, BA, CL, ELP, D, XOM, GIS, GS, IBM, OXY, ZION, WU, AY, DOW, ASHR, IEMG, IHI, IJS, KWEB, LMBS, VOOV, VTIP, XLE,
• Reduced Positions: BRK.A, BSV, UNP, IVE, VV, EFG, MGK, VGK, VNQ, BNDX, DJP, MMM, AGG, RSP, VBR, VEA, QCOM, WFC, BND, EFV, IJJ, CMCSA, LOW, SYY, TRP, SCHE, WEC, MBB, VO, VOT, ACC, AIG, CME, NNN, DEO, EMR, FDX, GILD, HON, INTC, NVO, AGN, MA, PSX, SCHO, AMG, MO, ADP, BIDU, CAH, CTL, CCEP, SBS, CMI, EPD, MNST, KT, LH, OKE, LIN, RMD, SLB, BBL, BUD, BCX, MPC, FBHS, KHC, LW, EMB, IYF, IYJ, MGV, RWX, SHV, VGSH, VMBS, VTV, VUG, AMGN, BP, BMO, COF, CHL, COP, COST, MU, PKG, CRM, SNN, TGT, UL, RTX, RDS.B, AER, MLCO, TAK, IGM, ITOT, IVW, IWN, IWO, VB, VLUE, XLP, XLV,
• Sold Out: VPL, GSP, SCZ, VOE, VGLT, SQ, PE, QGEN, SPIB, SHY, GVI, ADNT, GRFS, TOT, AES, PRU, NNI, ABC, BHP, SAN, ORAN, KR, LKQ, MT, NOV, PSO, KEP, BLV, EXC, SID, JNK, FIS, CEO, TARO, STPZ, SSL,

For the details of Pinnacle Bank's stock buys and sells, go to https://www.gurufocus.com/guru/pinnacle+bank/current-portfolio/portfolio

1. Berkshire Hathaway Inc (BRK.A) - 42 shares, 9.96% of the total portfolio. Shares reduced by 14.29%
2. iShares Core S&P Mid-Cap (IJH) - 23,334 shares, 2.93% of the total portfolio. Shares added by 3.87%
3. Microsoft Corp (MSFT) - 19,645 shares, 2.70% of the total portfolio. Shares added by 0.43%
4. SPDR S&P 500 (SPY) - 11,427 shares, 2.57% of the total portfolio. Shares added by 1.00%
5. Apple Inc (AAPL) - 11,420 shares, 2.53% of the total portfolio. Shares added by 3.64%

Pinnacle Bank initiated holding in ProShares S&P 500 Dividend Aristocrats. The purchase prices were between $49.36 and $76.45, with an estimated average price of $70.34. The stock is now traded at around $63.44. The impact to a portfolio due to this purchase was 0.56%. The holding were 11,042 shares as of .

Pinnacle Bank initiated holding in Schwab U.S. TIPs. The purchase prices were between $53.09 and $59.55, with an estimated average price of $57.25. The stock is now traded at around $59.06. The impact to a portfolio due to this purchase was 0.43%. The holding were 8,596 shares as of .

Pinnacle Bank initiated holding in iShares 20+ Year Treasury Bond ETF. The purchase prices were between $135.48 and $171.29, with an estimated average price of $148.44. The stock is now traded at around $165.41. The impact to a portfolio due to this purchase was 0.26%. The holding were 1,830 shares as of .

Pinnacle Bank initiated holding in SPDR S&P 600 Small Cap Value ETF (based on S&P Sma. The purchase prices were between $35.74 and $66.24, with an estimated average price of $57.28. The stock is now traded at around $44.69. The impact to a portfolio due to this purchase was 0.22%. The holding were 6,277 shares as of .

Pinnacle Bank initiated holding in Northrop Grumman Corp. The purchase prices were between $269.86 and $384.87, with an estimated average price of $348.63. The stock is now traded at around $337.84. The impact to a portfolio due to this purchase was 0.08%. The holding were 310 shares as of .

Pinnacle Bank initiated holding in IQ Merger Arbitrage. The purchase prices were between $27.88 and $33.46, with an estimated average price of $32.42. The stock is now traded at around $30.85. The impact to a portfolio due to this purchase was 0.07%. The holding were 2,527 shares as of .

Pinnacle Bank added to a holding in Vanguard FTSE Emerging Markets by 83.09%. The purchase prices were between $30.46 and $45.91, with an estimated average price of $41.1. The stock is now traded at around $35.37. The impact to a portfolio due to this purchase was 1.01%. The holding were 76,341 shares as of .

Pinnacle Bank added to a holding in Vanguard Short-Term Corporate Bond ETF by 173.07%. The purchase prices were between $71.75 and $82.34, with an estimated average price of $80.57. The stock is now traded at around $81.33. The impact to a portfolio due to this purchase was 0.3%. The holding were 6,783 shares as of .

Pinnacle Bank added to a holding in PowerShares QQQ Trust Ser 1 by 100.14%. The purchase prices were between $169.3 and $236.98, with an estimated average price of $212.89. The stock is now traded at around $201.95. The impact to a portfolio due to this purchase was 0.24%. The holding were 2,894 shares as of .

Pinnacle Bank added to a holding in Vanguard S&P 500 by 149.74%. The purchase prices were between $204.27 and $310.92, with an estimated average price of $282.37. The stock is now traded at around $257.68. The impact to a portfolio due to this purchase was 0.24%. The holding were 1,913 shares as of .

Pinnacle Bank added to a holding in Realty Income Corp by 252.63%. The purchase prices were between $42.5 and $82.44, with an estimated average price of $72.09. The stock is now traded at around $59.36. The impact to a portfolio due to this purchase was 0.21%. The holding were 6,647 shares as of .

Pinnacle Bank added to a holding in iShares TIPS Bond by 1946.81%. The purchase prices were between $108.81 and $122.54, with an estimated average price of $117.81. The stock is now traded at around $121.39. The impact to a portfolio due to this purchase was 0.19%. The holding were 1,924 shares as of .

Pinnacle Bank sold out a holding in Vanguard FTSE Pacific. The sale prices were between $48.55 and $70.86, with an estimated average price of $64.37.

Pinnacle Bank sold out a holding in Barclays Bank PLC iPath Exchange Traded Notes due . The sale prices were between $7.51 and $15.85, with an estimated average price of $12.49.

Pinnacle Bank sold out a holding in iShares MSCI EAFE Small-Cap ETF. The sale prices were between $38.34 and $62.84, with an estimated average price of $56.15.

Pinnacle Bank sold out a holding in Vanguard Long-Term Government Bond ETF. The sale prices were between $83.27 and $105.03, with an estimated average price of $90.98.

Pinnacle Bank sold out a holding in Vanguard Mid-Cap Value. The sale prices were between $68.69 and $121.9, with an estimated average price of $108.87.

Pinnacle Bank sold out a holding in Square Inc. The sale prices were between $38.09 and $85.7, with an estimated average price of $68.53.