Tortoise Investment Management, LLC Buys iShares National Muni Bond, iShares Short Treasury Bond ETF, Vanguard Tax-Exempt Bond, Sells JPMorgan Ultra-Short Income, Vanguard Short-Term Corporate Bond ETF, Nuveen Municipal Value Fund Inc

• New Purchases: SLYV, LVGO, NCB, RLMD, VSTM, NVTA, APPN, SUB, ECOL, HYG, 48L, CHNG, ZM, PINS, MTSI, REGN, PENN, HSBC, CCMP,
• Added Positions: MUB, MBB, SHV, VTEB, VEA, BAB, SCHF, SCHC, VTV, VEU, SCHX, SCHE, SPY, SPDW, VWO, VB, SCHV, SCHA, SPEM, SCHB, FAX, VTI, IUSV, EWX, VXUS, JQC, VV, SCHH, NAC, COST, GOOG, AMZN, GE, CLX, GILD, NFLX, MSFT, C, VOE, GLW, SPSM, ABT, BNDX, OKE, WAB, WM, FB, SESN, CRBP,
• Reduced Positions: JPST, IVV, VCSH, NUV, IWB, STIP, IXUS, IJR, IVE, SCZ, EFA, IJS, NXP, NRK, ITOT, NXQ, EEMV, NXJ, NAN, VBR, SRLN, VT, NID, IEI, DGS, DIA, IEFA, IWC, MYN, BGIO, IEMG, SCHO, SCHR, VCIT, NNY, NMY, NYF, OEF, PZA, SPSB, VNQ, PG, NIQ, MTB, MRK, NCA, NXN, NVG, DAL, V, NBB, IWM, SCHP, SHY, MO, AXP, APH, BRK.B, BA, BMY, CVS, CNP, CVX, CSCO, HE, HON, JPM, PFE, SNA, SBUX, UN, RTX, VZ, HIO, NXR, NZF, BFO, LULU, KMI, PSX, USFD, FTV, ELR, IEF, WOOD, CB, AIG, COF, CCL, CAT, CMCSA, DD, EXC, NEE, GOOGL, IAC, KMB, LOW, MCD, MET, ORCL, PEP, BKNG, PRU, SLB, UNH, WY, JMF, KHC, ASIX, BHF, PRSP, GTX, REZI, DOW, CTVA, ACWI, AGG, BOTZ, IJT, IYR, VNQI, VOO, XLF,
• Sold Out: BOLD, BBN, GWX, COP, DHR, PCH, GSK, IGSB, FDD, ENB, NTLA, UA, LQD, GWPH, ALSN, CFX, VAC, 3ER, AVGO, ADNT, BBK, DFS, IPGP, FSLR, SABR, JD, WWW, MFGP, IQ, HUYA, GNLN, BYND, FXG, FXO, IFGL, SCHZ, MAS, CMD, COHR, CVA, CMI, DXPE, DRI, FITB, FLR, FL, FDP, GIS, HTLD, ITT, LII, GDV, MHK, MOG.A, NHI, NTAP, PEG, RDS.A, SKX, TD, UGI, UAA, VLO, WCC, AMSF, ET,

For the details of Tortoise Investment Management, LLC's stock buys and sells, go to https://www.gurufocus.com/guru/tortoise+investment+management%2C+llc/current-portfolio/portfolio

1. iShares Core S&P 500 (IVV) - 201,545 shares, 16.99% of the total portfolio. Shares reduced by 6.08%
2. iShares MBS ETF (MBB) - 211,401 shares, 7.62% of the total portfolio. Shares added by 16.22%
3. SPDR S&P 500 (SPY) - 49,804 shares, 4.19% of the total portfolio. Shares added by 4.77%
4. iShares Core MSCI Emerging Markets (IEMG) - 309,707 shares, 4.09% of the total portfolio. Shares reduced by 1.18%
5. iShares Core S&P Total U.S. Stock Market (ITOT) - 171,406 shares, 3.20% of the total portfolio. Shares reduced by 4.13%

Tortoise Investment Management, LLC 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 $44.62. The impact to a portfolio due to this purchase was 0.28%. The holding were 20,730 shares as of .

Tortoise Investment Management, LLC initiated holding in Livongo Health Inc. The purchase prices were between $20.17 and $30.9, with an estimated average price of $25.96. The stock is now traded at around $42.98. The impact to a portfolio due to this purchase was 0.06%. The holding were 5,955 shares as of .

Tortoise Investment Management, LLC initiated holding in Nuveen CA Municipal Value Fund 2. The purchase prices were between $12.47 and $16.1, with an estimated average price of $15.35. The stock is now traded at around $14.03. The impact to a portfolio due to this purchase was 0.05%. The holding were 9,385 shares as of .

Tortoise Investment Management, LLC initiated holding in Relmada Therapeutics Inc. The purchase prices were between $23.78 and $50.12, with an estimated average price of $40.38. The stock is now traded at around $41.45. The impact to a portfolio due to this purchase was 0.04%. The holding were 3,835 shares as of .

Tortoise Investment Management, LLC initiated holding in Verastem Inc. The purchase prices were between $1.26 and $3.38, with an estimated average price of $2.07. The stock is now traded at around $1.90. The impact to a portfolio due to this purchase was 0.01%. The holding were 7,300 shares as of .

Tortoise Investment Management, LLC initiated holding in Appian Corp. The purchase prices were between $31.54 and $63.3, with an estimated average price of $46.65. The stock is now traded at around $47.00. The impact to a portfolio due to this purchase was 0.01%. The holding were 500 shares as of .

Tortoise Investment Management, LLC added to a holding in iShares National Muni Bond by 418.58%. The purchase prices were between $101.52 and $117.61, with an estimated average price of $114.37. The stock is now traded at around $112.06. The impact to a portfolio due to this purchase was 1.49%. The holding were 50,224 shares as of .

Tortoise Investment Management, LLC added to a holding in iShares Short Treasury Bond ETF by 281.75%. The purchase prices were between $110.45 and $111.07, with an estimated average price of $110.66. The stock is now traded at around $110.81. The impact to a portfolio due to this purchase was 0.63%. The holding were 23,409 shares as of .

Tortoise Investment Management, LLC added to a holding in Vanguard Tax-Exempt Bond by 9567.66%. The purchase prices were between $45.81 and $55.19, with an estimated average price of $53.67. The stock is now traded at around $52.66. The impact to a portfolio due to this purchase was 0.5%. The holding were 29,293 shares as of .

Tortoise Investment Management, LLC added to a holding in Vanguard FTSE Developed Markets by 56.28%. The purchase prices were between $28.78 and $44.66, with an estimated average price of $40.48. The stock is now traded at around $35.23. The impact to a portfolio due to this purchase was 0.44%. The holding were 111,395 shares as of .

Tortoise Investment Management, LLC added to a holding in Invesco Taxable Municipal Bond by 34.95%. The purchase prices were between $24.85 and $34.41, with an estimated average price of $31.81. The stock is now traded at around $31.70. The impact to a portfolio due to this purchase was 0.33%. The holding were 126,187 shares as of .

Tortoise Investment Management, LLC added to a holding in Schwab International Equity by 127.23%. The purchase prices were between $22.3 and $34.12, with an estimated average price of $31.02. The stock is now traded at around $27.07. The impact to a portfolio due to this purchase was 0.3%. The holding were 63,253 shares as of .

Tortoise Investment Management, LLC sold out a holding in Audentes Therapeutics Inc. The sale prices were between $59.83 and $60, with an estimated average price of $59.94.

Tortoise Investment Management, LLC sold out a holding in SPDR S&P International SmallCap. The sale prices were between $19.49 and $32.08, with an estimated average price of $28.03.

Tortoise Investment Management, LLC sold out a holding in BlackRock Taxable Municipal Bond Trust. The sale prices were between $20.39 and $26.52, with an estimated average price of $24.56.

Tortoise Investment Management, LLC sold out a holding in Danaher Corp. The sale prices were between $121.39 and $169.05, with an estimated average price of $152.42.

Tortoise Investment Management, LLC sold out a holding in ConocoPhillips. The sale prices were between $22.67 and $66.48, with an estimated average price of $51.43.

Tortoise Investment Management, LLC sold out a holding in Under Armour Inc. The sale prices were between $7.14 and $19.27, with an estimated average price of $14.5.

Tortoise Investment Management, LLC reduced to a holding in JPMorgan Ultra-Short Income by 55.68%. The sale prices were between $48.93 and $50.6, with an estimated average price of $50.31. The stock is now traded at around $50.28. The impact to a portfolio due to this sale was -1.9%. Tortoise Investment Management, LLC still held 113,844 shares as of .

Tortoise Investment Management, LLC reduced to a holding in Vanguard Short-Term Corporate Bond ETF by 40.83%. The sale prices were between $71.75 and $82.34, with an estimated average price of $80.57. The stock is now traded at around $80.95. The impact to a portfolio due to this sale was -0.6%. Tortoise Investment Management, LLC still held 40,818 shares as of .

Tortoise Investment Management, LLC reduced to a holding in Nuveen Municipal Value Fund Inc by 36.08%. The sale prices were between $8.55 and $11.14, with an estimated average price of $10.52. The stock is now traded at around $9.63. The impact to a portfolio due to this sale was -0.39%. Tortoise Investment Management, LLC still held 245,330 shares as of .

Tortoise Investment Management, LLC reduced to a holding in iShares 0-5 Year TIPS Bond by 28.75%. The sale prices were between $96.7 and $102.1, with an estimated average price of $100.57. The stock is now traded at around $100.97. The impact to a portfolio due to this sale was -0.38%. Tortoise Investment Management, LLC still held 35,385 shares as of .

Tortoise Investment Management, LLC reduced to a holding in iShares MSCI EAFE Small-Cap ETF by 28.22%. The sale prices were between $38.34 and $62.84, with an estimated average price of $56.15. The stock is now traded at around $48.58. The impact to a portfolio due to this sale was -0.25%. Tortoise Investment Management, LLC still held 38,670 shares as of .

Tortoise Investment Management, LLC reduced to a holding in iShares MSCI EAFE by 29.41%. The sale prices were between $46.5 and $70.38, with an estimated average price of $63.47. The stock is now traded at around $55.78. The impact to a portfolio due to this sale was -0.21%. Tortoise Investment Management, LLC still held 28,318 shares as of .