ETV - ETV: Back To Its Winning Ways 9% Yield
2024-05-25 10:25:15 ET
Summary
- 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.
- Outside of the 2020 Covid shock, the CEF has never traded at such a wide discount to NAV of -7%.
Thesis
The Eaton Vance Tax-Managed Buy-Write Opportunities Fund ( ETV ) is one of our core holdings, and we covered the name last about a year ago with a 'Hold' rating:
Prior Rating (Author)