ETV - ETV: Attractive Monthly Distribution From This Tech-Heavy Fund
2024-03-17 07:00:36 ET
Summary
- Eaton Vance Tax-Managed Buy-Write Opportunities Fund has been delivering strong returns thanks to its heavy allocation to mega-cap tech names.
- The fund utilizes a call-writing strategy, limiting relative upside potential in a strong bull market, but can help limit some losses or generate gains in a sideways market.
- ETV trades at an attractive discount, presenting a potential further upside opportunity in the future.
Written by Nick Ackerman, co-produced by Stanford Chemist.
Eaton Vance Tax-Managed Buy-Write Opportunities Fund ( ETV ) delivered some solid returns in 2023 and is starting off with a strong 2024 as well. Of course, this is thanks to the fund's heavy allocation to the mega-cap tech names. 2024 doesn't look like it is so much the Magnificent 7 anymore; it is more just NVIDIA ( NVDA ) and Meta Platforms ( META ) really doing all the heavy lifting with strong returns YTD. Both of these names are in the top ten of ETV....
ETV: Attractive Monthly Distribution From This Tech-Heavy Fund