ETB: Equity CEF Still At A Discount, Over 8% Yield [Seeking Alpha]
Eaton Vance Tax-Managed Buy-Write Income Fund Eaton Vance Tax-Managed Buy-Write Income Fund Common Shares of Beneficial Interest (ETB)
US:NYSE Investor Relations:
funds.eatonvance.com/tax-managed-buy-write-income-fund-etb.php
Company Research
Source: Seeking Alpha
Follow Play 7min Summary Eaton Vance Tax-Managed Buy-Write Income Fund is undervalued, trading at a -7% discount to NAV, despite a robust performance in 2024 and a history of trading at a premium. ETB closely tracks the S&P 500 via its holdings, and benefits from high volatility due to its short-dated, at-the-money options strategy. The fund's long-term stable NAV and 8.8% distribution rate make it a compelling alternative to an outright S&P 500 position, especially in a volatile market. Current market conditions, with a higher VIX, suggest ETB will move closer to NAV, offering a more attractive investment than the S&P 500. Images By Tang Ming Tung Thesis Eaton Vance Tax-Managed Buy-Write Income Fund ( NYSE: ETB ) is an equity buy-write closed-end fund that we last covered in 2022. Buy-write names have had a rough two years given the decrease in volatility This article was written by Binary Tree Analytics 4.73K Follower s Follow With an investment bankin
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Sec Filings
- 10/18/24 - Form SC
- 10/10/24 - Form 8-K
- 8/30/24 - Form N-PX
- ETB's page on the SEC website