Orgel Wealth Management 13F: Adds $36M to VTEB Stake

Orgel Wealth Management expanded its investment in Vanguard Tax-Exempt Bond Index Fund ETF Shares [NYSEArca: VTEB] by buying up more shares during the quarter. Institutional investors reveal their stock trades in Form 13F filings submitted to the Securities and Exchange Commission. Because these reports look backward, they show portfolio decisions made at the end of the last period and might not reflect what the firm holds today.

What Changed in Orgel Wealth Management's Vanguard Tax-Exempt Bond Index Fund ETF Shares Position

Orgel Wealth Management boosted its holdings by a 21.4% margin, according to the regulatory filing on October 14, 2026. The firm acquired an additional 763,337 shares of the municipal bond fund. That buying brought its total stake to 4,334,288 shares. The value of this holding stood at $205,271,869 at the time of the report. This transaction follows other recent institutional shifts in the fund, such as Foster Group cutting its stake by 6.4% on October 13, 2026, and Heck Capital Advisors establishing a new position on October 14, 2026.

Vanguard Tax-Exempt Bond Index Fund ETF Shares Stock Up 0.1%

Shares of the municipal bond fund recently traded around $47.98 as of October 16, 2026. The price sits below its 50-day moving average of $48.55 and under its 200-day moving average of $49.87. Over the past 52 weeks, the fund has moved between a low of $46.87 and a high of $51.18. The recent price puts the shares down about 6.3% from their 52-week peak while remaining up roughly 2.4% above their 52-week floor.

Dividend

For investors seeking income from municipal bonds, the fund offers an annual dividend yield of about 3.6%. These distributions come from interest earned on debt issued by state and local governments.

About Vanguard Tax-Exempt Bond Index Fund ETF Shares

Vanguard Tax-Exempt Bond Index Fund ETF Shares focuses on municipal securities designed to provide income exempt from federal income taxes. The fund generally keeps most of its assets invested in these tax-free bonds to track its target index. Institutional moves into this vehicle show how wealth managers adjust their fixed-income exposure as interest rates and market conditions shift.

Bottom Line

Orgel Wealth Management's larger stake shows ongoing institutional interest in municipal bond portfolios. Investors tracking these disclosures should keep in mind that 13F filings only reveal past portfolio choices and do not guarantee current holdings. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.