Tortoise Investment Management LLC Takes Position in Vanguard New York Tax-Exempt Bond ETF $MUNY

Tortoise Investment Management LLC bought a new stake in Vanguard New York Tax-Exempt Bond ETF (BATS:MUNY) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,890 shares of the company’s stock, valued at approximately $606,000. Tortoise Investment Management LLC owned approximately 1.31% of Vanguard New York Tax-Exempt Bond ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bridgewater Advisors Inc. bought a new stake in shares of Vanguard New York Tax-Exempt Bond ETF during the third quarter valued at approximately $8,885,000. Jane Street Group LLC acquired a new stake in Vanguard New York Tax-Exempt Bond ETF in the 2nd quarter valued at $5,056,000. Francis Financial Inc. increased its stake in Vanguard New York Tax-Exempt Bond ETF by 8.4% during the 3rd quarter. Francis Financial Inc. now owns 129,166 shares of the company’s stock valued at $13,296,000 after purchasing an additional 10,045 shares in the last quarter. American Financial & Tax Strategies Inc. acquired a new position in Vanguard New York Tax-Exempt Bond ETF during the third quarter worth $357,000. Finally, Two West Capital Advisors LLC bought a new position in shares of Vanguard New York Tax-Exempt Bond ETF in the third quarter valued at $297,000.

Vanguard New York Tax-Exempt Bond ETF Trading Down 0.4%

Shares of BATS MUNY opened at $103.22 on Thursday. The company has a 50-day moving average price of $103.95 and a 200-day moving average price of $103.29. Vanguard New York Tax-Exempt Bond ETF has a 1 year low of $99.45 and a 1 year high of $105.51.

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.