Eaton (NYSE:ETN) Vance Tax-Managed Buy-Write Opportunities Fund (ETV) stock has reached a 52-week high, trading at $14.6, marking a significant milestone for the $1.7 billion fund. With an attractive 8.25% dividend yield, ETV has maintained consistent dividend payments for 20 consecutive years, as highlighted by InvestingPro. This peak reflects a robust performance over the past year, with the fund delivering an even more impressive year-to-date return of 27.14%. Investors have shown increased confidence in ETV's strategy, which has been reflected in the stock's steady ascent to this new high, supported by its relatively low volatility (beta of 0.88). The fund's approach to combining tax-managed buy-write strategies with diversified holdings has resonated well with investors looking for favorable tax-efficient returns, contributing to the stock's strong upward trend. (InvestingPro subscribers can access 5 additional key insights about ETV's performance and valuation metrics.)
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