ETV - ETB: Attractive Discount And A Distribution Rate Of 9.25%
2024-05-18 04:39:55 ET
Summary
- Eaton Vance Tax-Managed Buy-Write Income Fund has outperformed First Trust Enhanced Equity Income Fund (FFA) since our last update, as we noted could occur.
- ETB is still trading at an attractive discount, making it still a worthwhile candidate for adding to one's portfolio.
- The whole suite of Eaton Vance equity CEFs saw a lift in their distributions recently and that includes ETB.
Written by Nick Ackerman, co-produced by Stanford Chemist.
Earlier this year , we noted that Eaton Vance Tax-Managed Buy-Write Income Fund ( ETB ) was in a better position in terms of valuation over the similar First Trust Enhanced Equity Income Fund ( FFA ). In a relatively short period of time, ETB has been able to outperform FFA in terms of total share price returns since that original piece. At the same time, the total NAV returns were nearly identical - which is a good sign for swap candidates to exhibit....
ETB: Attractive Discount And A Distribution Rate Of 9.25%