Eaton Vance Tax-Managed Buy-Write Opportunities Fund

Eaton Vance Tax-Managed Buy-Write Opportunities Fund is a closed-end investment fund, which engages in the provision of current income and gains, with an objective of capital appreciation. The company was founded on June 30, 2005 and is headquartered in Boston, MA.

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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.

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

First Trust Enhanced Equity Income Fund

Closed-end funds can enhance distributions through borrowings or writing covered calls, with the latter offering reduced volatility but still higher relative yields. Eaton Vance Tax-Managed Buy-Write Opportunities Fund focuses on a tech-heavy portfolio, writing at-the-money options, and has a distribution yield of 8.25%. First Trust Enhanced Equity Income Fund employs an overwrite strategy and also carries a higher tech tilt; the fund offers a 6.86% distribution yield.

ETV And FFA: Call Writing Funds Generating High Distributions For Investors

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.

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

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: Still Some Gas Left In The Tank, 8% Yield

The Eaton Vance Tax-Managed Buy-Write Opportunities Fund is heavily invested in the technology sector, driven by mega-cap tech name exposure. ETV's discount is still attractive for long-term investors, and the fund has been able to beat out its option writing benchmark indexes. The fund's monthly distribution is healthy at this time but will be dependent on how equities more broadly perform over time to drive capital gains and option premiums.

ETV: Discount Provides Appeal For Long-Term Investors

The Eaton Vance Tax-Managed Buy-Write Opportunities Fund offers a high yield of 9.08%, primarily through investing in equities and writing index call options. The fund's strategy involves selling index call options on the S&P 500 and NASDAQ-100, which limits capital gains but generates substantial income. Despite underperforming the S&P 500, the fund achieved a 10.63% total return over the past year, aligning with the historical average return of the index.

ETV: Decent For Income, But Not As Good At Protecting Against Inflation As Other Options

Eaton Vance Tax-managed Buy-Write Opportunities Fund (ETV) offers exposure to a tech-heavy portfolio while writing index calls. ETV's discount remains attractive relative to its historical trading level, making it a 'Buy' today. The fund's distribution has increased since our last update, and the current NAV rate looks sustainable.

ETV: Discount Continues To Provide Attractive Opportunity

The Eaton Vance Tax-Managed Buy-Write Opportunities Fund has had a difficult 2023, but has performed better in 2024, closely matching the S&P 500. ETV is currently trading at a historically wide discount to its net asset value (NAV), but market participants may be pricing in a scenario similar to 2023 that is unlikely to occur. ETV is an equities buy-write CEF with a track record of transforming equity returns into dividends, and it is expected to continue performing well in 2024.

ETV: Back To Its Winning Ways, 9% Yield

After speculating earlier this year that Eaton Vance would raise its distributions on its equity CEFs, that was finally confirmed last week on April 1. The distribution increases range from 4.6% for ETV to 32.2% for EOS which gets most of the funds back up to their previous distribution levels from 2022.

Eaton Vance Raises Distributions On All Equity CEFs

Eaton Vance Tax-Managed Buy-Write Opportunities Fund has been delivering strong returns thanks to its heavy allocation to mega-cap tech names. The fund utilizes a call-writing strategy, limiting relative upside potential in a strong bull market, but can help limit some losses or generate gains in a sideways market.

ETV: Attractive Monthly Distribution From This Tech-Heavy Fund

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January saw some mixed results in terms of sector performance, with real estate returning some of the gains they saw in the previous couple of months.

5 Closed-End Fund Buys In The Month Of January 2024 (Includes 2 Swaps)

If you're looking for an opportunity in a very defensive option-write fund, the Eaton Vance Tax-Managed Buy/Write Opportunity (ETV) is tough to beat. Over the past year, ETV's NAV total return has crushed similar ETF funds like the Global X S&P 500 Covered Call ETF (XYLD) and JPMorgan's Equity Premium Income ETF. Of course, that's at NAV, which is the true apples-to-apples performance comparison. But at market price, it's been a different story and shareholders continue to sell ETV down.

ETV Is Crushing XYLD And JEPI, At Least At NAV

Global X NASDAQ 100 Covered Call ETF

Call-writing funds, such as the Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) and Global X NASDAQ 100 Covered Call ETF (QYLD), offer higher distributions to investors. ETFs like QYLD have lower expense ratios and are passively managed, while CEFs like ETV can trade at discounts/premiums and have a more active management approach. Both funds write index options and have a tech tilt, but ETV also incorporates exposure to the S&P 500 Index.

QYLD And ETV: Appealing Plays For Income-Focused Investors

BlackRock Enhanced Capital and Income Fund

The Nasdaq and S&P 500 had recently entered correction territory and that volatility pushed some tech-oriented funds to some attractive discount levels where they remain. BlackRock Enhanced Capital and Income (CII) and Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) have put up solid results and provide monthly distributions to investors. CII and ETV both have an option writing strategy with tech-heavy portfolios.

CII And ETV: 2 CEFs Worth Buying When They're Down

Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) and Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) offer exposure to equity positions and write index options. ETV benchmarks against the S&P 500 and Nasdaq 100, while ETW incorporates the MSCI Europe Index, resulting in a more global portfolio. Both funds use call-writing strategies to potentially generate gains and mitigate downside risk, but losses for their options can also occur during strong market years.

ETW And ETV: A Look At Their Options Writing Strategy

The high inflation rate in the US has led to increased cost of living and economic stress for many Americans. The Eaton Vance Tax-Managed Buy-Write Opportunities Fund offers a high level of current income and gains through its options strategy. The fund's portfolio is heavily invested in technology stocks, which may be risky if the technology sector underperforms the broader market.

ETV: Higher Risks Than You Think, Now That Inflation Is Back

Eaton Vance Tax-Managed Buy-Write Opportunities Fund has underperformed the S&P 500 this year, with a 6% increase compared to the index's 12% return. The underperformance is attributed to the widening of the discount to NAV and the collapse of the VIX, making shorting volatility unattractive. ETV has also been negatively affected by the market moves this year, which as of late have exceeded the CEF's 2.5% threshold in a two week period.

The Curious Case Of ETV, A 9% Yielding CEF

BOSTON--(BUSINESS WIRE)--Eaton Vance Management (“Eaton Vance”), an indirect wholly-owned subsidiary of Morgan Stanley (NYSE: MS), announced the portfolio managers of certain funds as follows: Eaton Vance Enhanced Equity Income Fund ( NYSE: EOI) Charles B. Gaffney Douglas R. Rogers Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE: ETJ) Charles B. Gaffney Douglas R. Rogers Eaton Vance Tax Managed Diversified Equity Income Fund (NYSE: ETY) Charles B. Gaffney Douglas R. Rogers Eaton V.

Eaton Vance Management Announces Portfolio Management Teams of Certain Closed-End Funds

Nuveen Municipal Credit Income Fund

1 out of 22 CEF sectors positive on price and 3 out of 22 sectors positive on NAV last week. ETV/EXD merger completed.

Weekly Closed-End Fund Roundup: April 23, 2023

The Eaton Vance Tax-Managed Buy/Write Opportunities fund has fallen from a 15% premium to a -5% discount over the last 6 months even while its NAV has been outperforming. This has created a rare opportunity to own one of the largest and most popular S&P 500 based option-income CEFs yielding +9.4% paid monthly.

Equity CEFs: ETV Is A Far Safer Fund Right Now Than The S&P 500

ETV: Attractive Fund For The Long-Term

Eaton Vance Tax-Advantaged Bond & Opportunity Stategies Fund

BOSTON--(BUSINESS WIRE)--The merger of Eaton Vance Tax-Managed Buy-Write Strategy Fund (NYSE: EXD) into Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE: ETV) was completed at the close of the New York Stock Exchange on April 14, 2023. EXD shareholder approval of the Agreement and Plan of Reorganization pursuant to which the merger was affected was previously obtained on March 16, 2023. The merger was based upon the Funds' closing net assets on April 14, 2023.

Eaton Vance Closed-End Fund Merger Complete

Investors are desperately in need of income simply to maintain their lifestyles in today's inflationary environment. Eaton Vance Tax-Managed Buy-Write Opportunities Fund uses an interesting strategy of owning a portfolio of stocks and writing call options against the S&P 500 and NASDAQ 100 to generate income for investors.

ETV: Likely To Outperform In The Current Market, But Price Is Still Too High

3 out of 22 CEF sectors positive on price and 5 out of 22 sectors positive on NAV last week. EXD/ETV merger approved.

Weekly Closed-End Fund Roundup: March 19, 2023

BOSTON--(BUSINESS WIRE)--At a Special Meeting of Shareholders held today, shareholders of Eaton Vance Tax-Managed Buy-Write Strategy Fund (NYSE: EXD) (the “Fund”) approved an Agreement and Plan of Reorganization pursuant to which the Fund will be reorganized with and into Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE: ETV) (the “Acquiring Fund”) (the “Reorganization”), as approved by the Fund's Board of Trustees.

News for Eaton Vance Tax-Managed Buy-Write Opportunities Fund ETF (ETV)