ETV

Eaton Vance Tax-Managed Buy-Write Opportunities Fund

ETV

Market cap $1.65B

Overview Fund Activity

14.10 USD

-0.05

0.35%

At close Updated Sep 16, 4:00 PM EDT

Pre-market

After hours

14.18

+0.08

0.57%

1 day

-0.35%

5 days

-0.42%

1 month

1.08%

3 months

4.68%

6 months

5.62%

Year to date

-0.77%

1 year

4.21%

5 years

-2.89%

10 years

-2.42%

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. Under normal market conditions, the Fund invests at least 80% of its total assets in a diversified portfolio of common stocks, designated segments of which seek to exceed the total return performance of the S&P 500 and the NASDAQ-100.

Financials Asset Management

0

Funds holding %

of 7,463 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

56% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 18

50% more funds holding in top 10

Funds holding in top 10: 2 [Q1] → 3 (+1) [Q2]

10% more repeat investments, than reductions

Existing positions increased: 55 | Existing positions reduced: 50

7% more capital invested

Capital invested by funds: $264M [Q1] → $282M (+$18.1M) [Q2]

5% more funds holding

Funds holding: 174 [Q1] → 183 (+9) [Q2]

0.31% more ownership

Funds ownership: 17.1% [Q1] → 17.41% (+0.31%) [Q2]

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Financial journalist opinion

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

4 Closed-End Fund Buys (And 1 Sell) In The Month Of August 2025

August saw continued gains across major indexes, with RSP and Dow outperforming the tech-heavy benchmarks toward the second half of the month. As the markets continue to hit and trade near all-time highs, now including the Dow Jones hitting all-time highs, I've been continuing to build up my cash position. At the same time, every month I do some buying to keep the income compounding on itself over the long term.

4 Closed-End Fund Buys (And 1 Sell) In The Month Of August 2025

ETV: Disappointing 2025, Poor Macro (Rating Downgrade)

The Eaton Vance Tax-Managed Buy-Write Opportunities Fund has significantly underperformed the S&P 500 in 2025, with a total return of only +3.93% compared to the index's +11%. The fund's buy-write strategy has been negatively impacted by a "V" shaped market recovery. The fund's structure caps upside at only 1.2% with a 15-day average option expiration. Unlike a similar high-volatility period in 2022, ETV has consistently traded at a discount to its net asset value in 2025, suggesting a lack of market demand.

ETV: Disappointing 2025, Poor Macro (Rating Downgrade)

ETV: Decent Price Right Now, But Not As Diversified As I Would Like

ETV offers an attractive 8.6% yield, making it appealing for income-focused investors, especially retirees seeking higher cash flow than broad equity indices provide. The fund's strategy relies on writing index options, but its heavy technology weighting reduces diversification and increases sector-specific risk. Recent performance lagged the S&P 500, with ETV's total return at 14.15% versus the index's 19.69%, reflecting the fund's income-over-growth tradeoff.

ETV: Decent Price Right Now, But Not As Diversified As I Would Like

2 CEFs Delivering Monthly Payouts To Investors While Attractively Valued

Closed-end funds can help income-focused investors, as in this wrapper, they can often provide higher relative distributions. One way to provide higher distributions is through utilizing a call writing strategy, where they can generate option premiums. Monthly distributions are also appealing to these income investors, and there are a number of opportunities in the CEF wrapper that provide that.

2 CEFs Delivering Monthly Payouts To Investors While Attractively Valued

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 June 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

ETV: The Premium That Wasn't (Rating Downgrade)

The Eaton Vance Tax-Managed Buy-Write Opportunities Fund has been a reliable way to transform equity market returns into dividends. Elevated volatility, as indicated by the VIX index, has returned, making the current macro environment more favorable for ETV. The resurgence of volatility above 20 is reminiscent of 2022, impacting the risk/return profile of ETV.

ETV: The Premium That Wasn't (Rating Downgrade)

ETV: Tech Slump Weighs On This Monthly Payer

The Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) offers a monthly distribution yield of 8.91% and utilizes a call-writing strategy on the S&P 500 and Nasdaq indexes. ETV's discount has narrowed, but with recent market volatility, it is a potentially attractive option for income-focused investors. With a portfolio weighted towards tech stocks, that has contributed to its recent pressure.

ETV: Tech Slump Weighs On This Monthly Payer

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 February 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 amo.

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

ETV: Trades At An Attractive Discount To NAV

ETV offers a balanced approach with capital appreciation and consistent income through a diverse equity portfolio and option writing strategy. ETV's price stability, experienced management, and attractive discount to NAV make it a solid entry point. Additionally, the current dividend yield of 8.3% is supported by earnings. The fund's option strategy caps upside potential but provides steady returns, making it ideal for income-focused investors, especially in a sideways or slow-growing market.

ETV: Trades At An Attractive Discount To NAV

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 – 2/3/2025 Ex-Date – 2/13/2025 Record – 2/13/2025 Payable – 2/24/2025 Municipal Bond Funds: Fund Ticker Distribution Change From Prior Distribution Closing Market Price – 1/31/25 Distribution Rate at Market Price Eaton Vance California Municipal Income Trust CEV $0.0500 - $10.14 5.92% Eaton Vance Municipal Income Trust EVN $0.0513 - $10.31 5.97% Taxabl.

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

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