ETB
Eaton Vance Tax-Managed Buy-Write Income FundETB
ETB
About: Eaton Vance Tax-Managed Buy-Write Income Fund is a United States-based diversified closed ended management investment company. The fund's investment objective is to provide current income and gains, with a secondary objective of capital appreciation. It invests in a diversified portfolio of common stocks and writes call options on one or more U.S. indices on a substantial portion of the value of its common stock portfolio to generate current earnings from the option premium. Its portfolio of investments consists of aerospace and defense, banks, biotechnology, chemicals, consumer finance, industrial conglomerates, and others.
0
Funds holding %
of 7,296 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
43% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 7
1% more funds holding
Funds holding: 90 [Q4 2024] → 91 (+1) [Q1 2025]
0.1% more ownership
Funds ownership: 21.45% [Q4 2024] → 21.55% (+0.1%) [Q1 2025]
0% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 26
9% less capital invested
Capital invested by funds: $94.5M [Q4 2024] → $86.4M (-$8.09M) [Q1 2025]
Research analyst outlook
We haven’t received any recent analyst ratings for ETB.
Financial journalist opinion
Positive
Forbes
20 hours ago
3 ‘Secret' Income Plays Throwing Off Huge 7.5%+ Dividend Yields
I'm just going to come out and say it: If you want to be financially independent (and who doesn't?), you must own closed-end funds (CEFs).
Positive
Seeking Alpha
2 weeks ago
ETB: Hard To Recommend This Fund In A Bull Market
ETB offers a high 9.2% yield via a buy-write strategy, but has struggled to cover it year-to-date, and caps upside in bull markets. The fund underperforms both the S&P 500 and its sister fund ETY during bull runs, making it less attractive for long-term growth investors. ETB is best suited for flat or mildly bearish markets, offering some downside protection but limited capital appreciation potential.
Positive
Seeking Alpha
3 months ago
ETB: Option Writing Fund To Keep Cash Flow Rolling In
ETB's discount has widened out some recently, but a 'Hold' rating remains appropriate. ETB's strategy involves writing index options against the S&P 500, which can lead to underperformance in strong bull markets, but potential outperformance in flat markets. The fund offers an attractive 8.70% yield with a tax-friendly distribution characterization with an emphasis on being a "tax-managed" fund.
Neutral
Business Wire
3 months ago
Eaton Vance Closed-End Funds Release Estimated Sources of Distributions
BOSTON--(BUSINESS WIRE)--The Eaton Vance closed-end funds listed below released today the estimated sources of their February distributions (each a “Fund”). This press release is issued as required by the Funds' managed distribution plan (Plan) and an exemptive order received from the U.S. Securities and Exchange Commission. The Board of Trustees has approved the implementation of the Plan to make monthly, as noted below, cash distributions to common shareholders, stated in terms of a fixed amo.
Neutral
Business Wire
4 months ago
Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds
BOSTON--(BUSINESS WIRE)--The following Eaton Vance closed-end funds (the “Funds”) announced distributions today as detailed below. Declaration – 2/3/2025 Ex-Date – 2/13/2025 Record – 2/13/2025 Payable – 2/24/2025 Municipal Bond Funds: Fund Ticker Distribution Change From Prior Distribution Closing Market Price – 1/31/25 Distribution Rate at Market Price Eaton Vance California Municipal Income Trust CEV $0.0500 - $10.14 5.92% Eaton Vance Municipal Income Trust EVN $0.0513 - $10.31 5.97% Taxabl.
Neutral
Business Wire
5 months ago
Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds
BOSTON--(BUSINESS WIRE)--The following Eaton Vance closed-end funds (the “Funds”) announced distributions today as detailed below. Declaration – 1/2/2025 Ex-Date – 1/13/2025 Record – 1/13/2025 Payable – 1/22/2025 Municipal Bond Funds: Fund Ticker Distribution Change From Prior Distribution Closing Market Price – 12/31/24 Distribution Rate at Market Price Eaton Vance California Municipal Income Trust CEV $0.0500 - $10.04 5.98% Eaton Vance Municipal Income Trust EVN $0.0513 - $10.11 6.09% Taxable.
Neutral
Business Wire
5 months ago
Eaton Vance Closed-End Funds Release Estimated Sources of Distributions
BOSTON--(BUSINESS WIRE)--The Eaton Vance closed-end funds listed below released today the estimated sources of their December distributions (each a “Fund”). This press release is issued as required by the Funds' managed distribution plan (Plan) and an exemptive order received from the U.S. Securities and Exchange Commission. The Board of Trustees has approved the implementation of the Plan to make monthly, as noted below, cash distributions to common shareholders, stated in terms of a fixed amo.
Positive
Seeking Alpha
6 months ago
ETB: Providing A Distribution Rate Of ~8.5% With Monthly Pay
Eaton Vance Tax-Managed Buy-Write Income Fund offers S&P 500-like exposure with a call-writing strategy, providing strong performance and an attractive 8.42% distribution yield. Despite a narrowing discount, ETB remains appealing for long-term, income-focused investors, though a cautious dollar-cost averaging approach could be appropriate given current market conditions. The fund's distribution relies on capital gains from its underlying portfolio or options writing strategy to fund its payout, providing potential gains in both an upward and flat market environment.
Neutral
Business Wire
6 months ago
Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds
BOSTON--(BUSINESS WIRE)--The following Eaton Vance closed-end funds (the “Funds”) announced distributions today as detailed below. Declaration – 12/2/2024 Ex-Date – 12/12/2024 Record – 12/12/2024 Payable – 12/19/2024 Municipal Bond Funds: Fund Ticker Distribution Change From Prior Distribution Closing Market Price – 11/29/24 Distribution Rate at Market Price Eaton Vance California Municipal Income Trust CEV $0.0500 - $10.65 5.63% Eaton Vance Municipal Income Trust EVN $0.0513 - $10.79.
Neutral
Business Wire
6 months ago
Eaton Vance Closed-End Funds Release Estimated Sources of Distributions
BOSTON--(BUSINESS WIRE)--The Eaton Vance closed-end funds listed below released today the estimated sources of their November distributions (each a “Fund”). This press release is issued as required by the Funds' managed distribution plan (Plan) and an exemptive order received from the U.S. Securities and Exchange Commission. The Board of Trustees has approved the implementation of the Plan to make monthly, as noted below, cash distributions to common shareholders, stated in terms of a fixed amo.
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