Tortoise Investment Management LLC Purchases 7,560 Shares of Vanguard New York Tax-Exempt Bond ETF $MUNY

Tortoise Investment Management LLC boosted its position in Vanguard New York Tax-Exempt Bond ETF (BATS:MUNY) by 128.4% during the fourth quarter, Holdings Channel reports. The fund owned 13,450 shares of the company’s stock after acquiring an additional 7,560 shares during the period. Tortoise Investment Management LLC’s holdings in Vanguard New York Tax-Exempt Bond ETF were worth $1,388,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Fiduciary Advisors Inc. bought a new position in Vanguard New York Tax-Exempt Bond ETF in the fourth quarter valued at $42,000. Bouchey Financial Group Ltd bought a new position in Vanguard New York Tax-Exempt Bond ETF in the fourth quarter valued at $204,000. Private Advisor Group LLC bought a new position in Vanguard New York Tax-Exempt Bond ETF in the third quarter valued at $206,000. Rialto Wealth Management LLC bought a new position in Vanguard New York Tax-Exempt Bond ETF in the third quarter valued at $222,000. Finally, Crestwood Advisors Group LLC bought a new position in Vanguard New York Tax-Exempt Bond ETF in the third quarter valued at $293,000.

Vanguard New York Tax-Exempt Bond ETF Price Performance

MUNY opened at $102.35 on Tuesday. Vanguard New York Tax-Exempt Bond ETF has a 52 week low of $99.45 and a 52 week high of $105.51. The business’s fifty day simple moving average is $103.00 and its 200 day simple moving average is $103.44.

Vanguard New York Tax-Exempt Bond ETF Profile

Vanguard New York Tax-Free Funds – Vanguard New York Tax-Exempt Bond ETF is an exchange traded fund launched and managed by The Vanguard Group, Inc The fund invests in fixed income markets of the United States. It invests in U.S. dollar denominated tax exempt investment-grade municipal bonds issued by state or local governments or agencies that are rated BBB- or above by S&P or Fitch or Baa3 or above by Moody’s with a maturity that is greater than or equal to one calendar month. The fund seeks to track the performance of the S&P New York AMT-Free Municipal USD10 Million Par Bond Index, by using representative sampling methodology.