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ETV

Eaton Vance Tax-Managed Buy-Write Opportunities Fund

ETV

Market cap $1.77B

15.19 USD

+0.02

0.13%

At close Updated Sep 11, 4:00 PM EDT

1 day

0.13%

5 days

-0.65%

1 month

-0.26%

3 months

3.26%

6 months

4.83%

Year to date

6.08%

1 year

6.75%

5 years

-7.77%

10 years

1.67%

About: Eaton Vance Tax-Managed Buy-Write Opp is a United States-based diversified, closed-end management investment company. Its primary investment objective is to provide current income and gains. The secondary objective of the fund is capital appreciation. Under normal market conditions, the Fund invests at least 80% of its total assets in a diversified portfolio of common stocks, designated segments of which seek to exceed the total return performance of the S&P 500 and the NASDAQ-100.

Financials Asset Management

News

Positive

Neutral

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Sentiment 3-Months

Positive 100%

Neutral 0%

Negative 0%

ETV: Discounted Opportunity For The Long-Term Investor

Eaton Vance Tax-Managed Buy-Write Opportunity Fund offers tech-heavy exposure with an 8.19% yield and currently trades at a -6.97% discount. ETV's aggressive call-writing strategy, covering nearly 100% of portfolio value, limits upside but can help generate steady 'income' from premiums. While ETV's discount is appealing, tech valuations remain stretched; I would take a more cautious entry via dollar-cost averaging rather than aggressive buying.

ETV: Discounted Opportunity For The Long-Term Investor

ETV: Discount May Reflect Reduced Appeal (Rating Downgrade)

Eaton Vance Tax-Managed Buy-Write Oppty Fund is downgraded to hold due to persistent underperformance versus alternatives despite a deep 6.79% NAV discount. ETV's 8.1% yield is well supported by earnings, but its aggressive option-writing strategy significantly caps upside and limits capital appreciation. The fund's top-heavy portfolio, with 47% in its ten largest holdings, exposes investors to high-quality tech leaders but fails to capture market rallies.

ETV: Discount May Reflect Reduced Appeal (Rating Downgrade)

Here's Where We're Finding Cheap Dividends While Everyone Chases AI

The stock market is roaring, and according to the media, it's all because of AI.

Here's Where We're Finding Cheap Dividends While Everyone Chases AI

2 Closed-End Funds For Tax-Advantaged Monthly Payouts

When it comes to income investing, some investors are blessed to have a surplus of investments that can't be squeezed into tax-friendly accounts. With that comes potentially higher tax obligations when filing one's taxes, leading to an overall reduction in what cash is left to spend or reinvest. Today, we are looking at two funds that regularly provide tax-advantaged distributions to their investors on a monthly basis.

2 Closed-End Funds For Tax-Advantaged Monthly Payouts

ETV: Monthly Distribution And Delivering Strong Total Returns

Eaton Vance Tax-Managed Buy-Write Opportunity Fund (ETV) offers a compelling entry point with a -6.69% discount and an 8.14% yield. ETV's nearly 100% call overwrite strategy on S&P 500 and Nasdaq indexes supports consistent monthly distributions, with tax-advantaged long-term capital gains and ROC distribution characterizations. The fund's portfolio is concentrated in tech-heavy large caps, with top ten holdings accounting for nearly 50% of assets.

ETV: Monthly Distribution And Delivering Strong Total Returns

Closed-End Funds: My Top 10 Holdings February 2026

My closed-end fund portfolio update provides a more concentrated top 10, and that is on the back of a reduction in the number of holdings since last year. I remain leaning toward utility/infrastructure positioning, and that remains an attractive area of the market to generate predictable cash flows. In general, CEF discounts are fairly narrow compared to their historical levels, but the average discount has moved wider, at least slightly.

Closed-End Funds: My Top 10 Holdings February 2026

ETV: Deepest Discount In A Decade Justifies A Buy

Eaton Vance Tax-Managed Buy-Write Oppty Fund (ETV) is rated a buy, trading at a 7.34% discount to NAV—its deepest in a decade. ETV offers an 8.1% yield, sustained by option premiums and net realized gains, with distributions supported by strong recent earnings. The fund's tech-heavy portfolio and reliance on net realized gains create vulnerability in downturns, but excess earnings provide payout stability.

ETV: Deepest Discount In A Decade Justifies A Buy

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)

ETV: Discounted Call Writing CEF For Monthly Pay

Eaton Vance Tax-Managed Buy-Write Opportunities Fund continues to trade at a wider-than-usual discount, making it attractive for tech-leaning, income-generating portfolios. ETV's call writing strategy limits upside in strong markets but helps provide consistent monthly distributions, currently yielding 8.55% on share price. The CEF structure allows investors to benefit from the discount, unlike similar ETFs, though that carries its own risks, particularly if market volatility widens discounts further.

ETV: Discounted Call Writing CEF For Monthly Pay

4 Closed-End Fund Buys (And 1 Sell) In The Month Of September 2025

September was another strong month for equity indexes despite it historically being a weaker month, meaning we were able to buck that seasonality trend. The Fed cut 25 basis points last month and is expected to cut more going forward, which could help to keep optimism and momentum in equities. Pushing into all-time highs, I tend to allow cash to build up for the next downturn, but I still add every month regardless to help build up my cash flow.

4 Closed-End Fund Buys (And 1 Sell) In The Month Of September 2025

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