ETV - ETV: Discount Continues To Provide Attractive Opportunity

2024-06-23 13:14:10 ET

Summary

• 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.

Written by Nick Ackerman, co-produced by Stanford Chemist.

Eaton Vance Tax-managed Buy-Write Opportunities Fund ( ETV ) provides investors exposure to a tech-heavy portfolio while writing index calls. By writing options, the fund can provide relatively higher distributions to investors by collecting options premiums.

The fund's discount also continues to remain attractive, as it was the last time we took a look at this fund. In fact, it is virtually the same. That is even despite seeing the distribution increase shortly after that previous piece. The fund's total returns have also been quite attractive since our prior update. I would continue to view ETV as a 'Buy' today....

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