ETV

Eaton Vance Tax-Managed Buy-Write Opportunities Fund
ETV

$13.66

0.73%

Market Cap: $1.59B

About: Eaton Vance Tax-Managed Buy-Write Opp is a United States-based diversified, closed-end management investment company. Its primary investment objective is to provide current income and gains. The secondary objective of the fund is capital appreciation. The fund invests in a diversified portfolio of common stocks and writes call options on one or more U.S. indices on a substantial portion of the value of its common stock portfolio to generate current earnings from the option premium. Its portfolio of investments consists of capital markets, chemicals, banks, biotechnology, media, and other sectors.

0

Funds holding %

of 6,728 funds

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Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

31% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 13

3% more funds holding

Funds holding: 151 [Q1] → 155 (+4) [Q2]

1% less capital invested

Capital invested by funds: $260M [Q1] → $258M (-$1.32M) [Q2]

1.03% less ownership

Funds ownership: 17.24% [Q1] → 16.21% (-1.03%) [Q2]

10% less repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 50

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Research analyst outlook

We haven’t received any recent analyst ratings for ETV.

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Financial journalist opinion

Based on 3 articles about ETV published over the past 30 days

ETV: Discount Provides Appeal For Long-Term Investors

The Eaton Vance Tax-Managed Buy-Write Opportunities Fund is heavily invested in the technology sector, driven by mega-cap tech name exposure. ETV's discount is still attractive for long-term investors, and the fund has been able to beat out its option writing benchmark indexes. The fund's monthly distribution is healthy at this time but will be dependent on how equities more broadly perform over time to drive capital gains and option premiums.

ETV: Discount Provides Appeal For Long-Term Investors

ETV: Decent For Income, But Not As Good At Protecting Against Inflation As Other Options

The Eaton Vance Tax-Managed Buy-Write Opportunities Fund offers a high yield of 9.08%, primarily through investing in equities and writing index call options. The fund's strategy involves selling index call options on the S&P 500 and NASDAQ-100, which limits capital gains but generates substantial income. Despite underperforming the S&P 500, the fund achieved a 10.63% total return over the past year, aligning with the historical average return of the index.

ETV: Decent For Income, But Not As Good At Protecting Against Inflation As Other Options

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

BOSTON--(BUSINESS WIRE)--The following Eaton Vance closed-end funds (the “Funds”) announced distributions today as detailed below. Declaration – 9/3/2024 Ex-Date – 9/13/2024 Record – 9/13/2024 Payable – 9/20/2024 Municipal Bond Funds: Fund Ticker Distribution Change From Prior Distribution Closing Market Price – 8/30/24 Distribution Rate at Market Price Eaton Vance California Municipal Income Trust CEV $0.0500 - $10.90 5.50% Eaton Vance Municipal Income Trust EVN $0.0513 - $10.78 5.

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

BOSTON--(BUSINESS WIRE)--The following Eaton Vance closed-end funds (the “Funds”) announced distributions today as detailed below. Declaration – 8/1/2024 Ex-Date – 8/12/2024 Record – 8/12/2024 Payable – 8/19/2024 Municipal Bond Funds: Fund Ticker Distribution Change From Prior Distribution Closing Market Price – 7/31/24 Distribution Rate at Market Price Eaton Vance California Municipal Income Trust CEV $0.0500 - $10.96 5.47% Eaton Vance Municipal Income Trust EVN $0.0513 - $10.64 5.79% Ta.

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

BOSTON--(BUSINESS WIRE)--The following Eaton Vance closed-end funds (the “Funds”) announced distributions today as detailed below. Declaration – 7/1/2024 Ex-Date – 7/11/2024 Record – 7/11/2024 Payable – 7/18/2024 Municipal Bond Funds: Fund Ticker Distribution Change From Prior Distribution Closing Market Price – 6/28/24 Distribution Rate at Market Price Eaton Vance California Municipal Income Trust CEV $0.0500 $0.0066 $10.88 5.51% Eaton Vance Municipal Income Trust EVN $0.0513 $0.0052 $10.35.

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

ETV: Discount Continues To Provide Attractive Opportunity

Eaton Vance Tax-managed Buy-Write Opportunities Fund (ETV) offers exposure to a tech-heavy portfolio while writing index calls. ETV's discount remains attractive relative to its historical trading level, making it a 'Buy' today. The fund's distribution has increased since our last update, and the current NAV rate looks sustainable.

ETV: Discount Continues To Provide Attractive Opportunity

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

BOSTON--(BUSINESS WIRE)--The Eaton Vance closed-end funds listed below released today the estimated sources of their May distributions (each a “Fund”). This press release is issued as required by the Funds' managed distribution plan (Plan) and an exemptive order received from the U.S. Securities and Exchange Commission.

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

ETV: Back To Its Winning Ways, 9% Yield

The Eaton Vance Tax-Managed Buy-Write Opportunities Fund has had a difficult 2023, but has performed better in 2024, closely matching the S&P 500. ETV is currently trading at a historically wide discount to its net asset value (NAV), but market participants may be pricing in a scenario similar to 2023 that is unlikely to occur. ETV is an equities buy-write CEF with a track record of transforming equity returns into dividends, and it is expected to continue performing well in 2024.

ETV: Back To Its Winning Ways, 9% Yield

Eaton Vance Raises Distributions On All Equity CEFs

After speculating earlier this year that Eaton Vance would raise its distributions on its equity CEFs, that was finally confirmed last week on April 1. The distribution increases range from 4.6% for ETV to 32.2% for EOS which gets most of the funds back up to their previous distribution levels from 2022.

Eaton Vance Raises Distributions On All Equity CEFs

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

BOSTON--(BUSINESS WIRE)--The Eaton Vance closed-end funds listed below released today the estimated sources of their March distributions (each a “Fund”). This press release is issued as required by the Funds' managed distribution plan (Plan) and an exemptive order received from the U.S. Securities and Exchange Commission. The Board of Trustees has approved the implementation of the Plan to make monthly, as noted below, cash distributions to common shareholders, stated in terms of a fixed amount.

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

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