ETV: Still Some Gas Left In The Tank, 8% Yield [Seeking Alpha]
Eaton Vance Corporation Eaton Vance Tax-Managed Buy-Write Opportunities Fund Common Shares of Beneficial Interest (ETV)
US:NYSE Investor Relations:
funds.eatonvance.com/tax-managed-buy-write-opportunities-fund-etv.php
Company Research
Source: Seeking Alpha
Follow Play 7min Summary 2024 is the year of large-cap equities, with the S&P 500 outperforming other indices, making ETV a strong investment choice. ETV, a buy-write CEF, mirrors the S&P 500 but offers monthly distributions and currently trades at a -5% discount to NAV. Elevated VIX levels are expected to persist, driving high premiums for ETV and potentially closing the existing NAV discount by year-end. ETV's 8.6% fully covered monthly distribution, coupled with its strategy and market conditions, makes it a better choice than an outright S&P 500 position. Pgiam/E+ via Getty Images Thesis 2024 will be remembered as the year of large capitalization equities, with a fulminant performance so far for the S&P 500 index: Data by YCharts The S&P 500 is the clear outperformer this year, beating even the Nasdaq. A second tier cohort is represented by mid-caps via the iShares Core S&P Mid-Cap ETF ( IJH ), small-caps as reflected in the iShares Russell 2000 ETF ( IWM
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Sec Filings
- 11/27/24 - Form NPORT-P
- 10/10/24 - Form 8-K
- ETV's page on the SEC website