ETB Stock Summary and Trading Ideas (Ev Tax-Managed Buy-Write C | NYSE:ETB)

The Fund’s primary investment objective is to provide current income and gains, with a secondary objective of capital appreciation. The funds invest 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. The Fund evaluates returns on an after tax basis and seeks to minimize and defer federal income taxes incurred by shareholders in connection with their investment in the Fund.

Ev Tax-Managed Buy-Write C trades on the NYSE stock market under the symbol ETB.

As of April 19, 2024, ETB stock price declined to $13.08 with 65,070 million shares trading.

ETB has a beta of 0.97, meaning it tends to be less sensitive to market movements. ETB has a correlation of 0.68 to the broad based SPY ETF.

ETB has a market cap of $384.22 million. This is considered a Small Cap stock.

In the last 3 years, ETB stock traded as high as $17.85 and as low as $11.59.

ETB has underperformed the market in the last year with a return of +8.4%, while the SPY ETF gained +21.2%. In the last 3 month period, ETB fell short of the market, returning +1.9%, while SPY returned +4.3%. However, in the most recent 2 weeks ETB has outperformed the stock market by returning -3.2%, while SPY returned -3.5%.

ETB support price is $13.12 and resistance is $13.32 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ETB stock will trade within this expected range on the day.