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ETB

Eaton Vance Tax-Managed Buy-Write Income Fund

ETB

Market cap $455M

15.50 USD

-0.04

0.26%

At close Updated Sep 14, 4:00 PM EDT

Pre-market

After hours

15.55

+0.05

0.32%

1 day

-0.26%

5 days

-0.45%

1 month

0%

3 months

0.45%

6 months

3.4%

Year to date

1.51%

1 year

3.75%

5 years

-6%

10 years

-4.08%

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.

Financials Asset Management

News

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Sentiment 3-Months

Positive 100%

Neutral 0%

Negative 0%

ETB: Discount Appears Attractive, Though Cautious On Broader Equity Valuation (Upgrade)

Eaton Vance Tax-Managed Buy-Write Income Fund offers S&P 500 exposure with a call writing strategy, currently trading at an -8.08% discount to NAV. ETB's 8.15% distribution yield is attractive and tax-efficient, making it suitable for taxable accounts, though upside is capped by its near-100% overwrite approach. While ETB's discount and steady payouts support a Buy rating, elevated market valuations and potential volatility warrant a cautious, dollar-cost averaging approach.

ETB: Discount Appears Attractive, Though Cautious On Broader Equity Valuation (Upgrade)

ETB: Good Income Fund, But High Tech Exposure Could Be A Risk

Eaton Vance Tax-Managed Buy-Write Income Fund offers an 8.33% yield using an index call-writing strategy for income and downside risk mitigation. ETB underperformed the S&P 500 in the recent bull market, but its approach may be preferable in overheated or correction-prone environments. The fund's lower technology and higher financials/energy exposure than the S&P 500 provides diversification and may help manage sector-specific risks.

ETB: Good Income Fund, But High Tech Exposure Could Be A Risk

ETB: Attractive Valuation And Potential To Continue Growing Its NAV

Eaton Vance Tax-Managed Buy-Write Income Fund (ETB) remains a buy, offering an 8.2% yield and trading at a 7.32% NAV discount. ETB provides tax-efficient monthly income, steady NAV growth, and direct exposure to leading AI and technology companies. The fund's option-writing strategy limits upside in bull markets but supports consistent distributions, making ETB ideal for income-focused retirees.

ETB: Attractive Valuation And Potential To Continue Growing Its NAV

ETB: Broader Market Volatility Brings Some Discount Widening

Eaton Vance Tax-Managed Buy-Write Income Fund offers S&P 500 exposure with a call overwrite strategy and provides a monthly distribution. Despite the call-writing cap on upside, ETB has nearly matched S&P 500 total returns since our last update and offers an 8.59% distribution yield, primarily funded by portfolio capital gains. ETB's discount has remained fairly wide since its late 2022 distribution cut, but it has widened out a bit more recently with broader market volatility.

ETB: Broader Market Volatility Brings Some Discount Widening

ETB: Tax-Efficient Dividends From The Best Companies In The World

Eaton Vance Tax-Managed Buy-Write Income Fund (ETB) remains a buy, trading at a 6.66% discount to NAV and offering an 8.3% yield. ETB's option-writing strategy enables strong, tax-efficient monthly distributions, but limits upside potential versus traditional index ETFs. ETB is best suited for retired investors prioritizing income and capital preservation over maximum total return.

ETB: Tax-Efficient Dividends From The Best Companies In The World

Top 10 Income Funds From Eaton Vance (November Update)

Eaton Vance's top taxable closed-end funds offer attractive yields, discounts to NAV, and strong long-term returns, making them appealing for income-focused investors. Current market volatility has widened discounts to NAV, creating buying opportunities which I highlight in the article. I prioritize funds trading at an 8%+ yield and significant NAV discounts, with a preference for those using tax-advantaged strategies and diversified asset mixes.

Top 10 Income Funds From Eaton Vance (November Update)

ETB: A Consistent Buy-Write Options Fund, With 8.5% Yield And 7% Discount

Eaton Vance Tax-Managed Buy-Write Income Fund offers an 8.5% yield and trades at an attractive 6.8% discount to NAV, appealing to income-focused investors. ETB employs a covered call strategy on a diversified portfolio of 153 US equities, with a strong technology sector tilt and no leverage. Covered call strategy helps to raise income and reduce volatility but also limits the upside. For existing holders of this fund, whose primary goal is income, ETB is a 'hold' for a reliable stream of income and some growth over the long term. New investors should accumulate on a dollar-cost-average basis.

ETB: A Consistent Buy-Write Options Fund, With 8.5% Yield And 7% Discount

ETB: Discounted Valuation & Well Supported Dividend

ETB offers an attractive 8.7% yield, reliable monthly income, and trades at a historically large discount to NAV, making it appealing for income-focused investors. The fund's option-writing strategy generates income but limits upside participation, causing long-term underperformance versus growth-focused ETFs like QQQ. ETB's portfolio is concentrated in high-quality technology and financial stocks, supporting consistent earnings and stable distributions, even through market volatility.

ETB: Discounted Valuation & Well Supported Dividend

Top 10 Income Funds From Eaton Vance

Eaton Vance's top taxable closed-end funds offer reliable monthly income, strong long-term returns, and are managed by highly skilled teams with proven track records. I prioritize funds trading at a discount to NAV with distribution yields near or above 8%, focusing on both income and capital appreciation potential. For total return, EOS and EOI are top picks; for dividend income, EVT (domestic) and ETG (global) provide diversification and attractive yields.

Top 10 Income Funds From Eaton Vance

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 June 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 amount.

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

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