Eaton Vance Tax-Managed Buy-Write Income Fund (ETB) Could Help Your Portfolio. The Stock Formed Bullish Wedge Up Chart Pattern

July 14, 2018 - By Mary Gaskins

Investors sentiment decreased to 1.78 in Q1 2018. Its down 0.02, from 1.8 in 2017Q4. It worsened, as 2 investors sold Eaton Vance Tax-Managed Buy-Write Income Fund shares while 7 reduced holdings. 3 funds opened positions while 13 raised stakes. 3.17 million shares or 0.87% more from 3.15 million shares in 2017Q4 were reported.
Lpl Ltd Liability invested 0% in Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB). Bank & Trust Of America Corporation De stated it has 0% in Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB). Invesco Limited holds 0% or 147,230 shares. Kistler holds 42,221 shares or 0.27% of its portfolio. 12,900 were reported by Spinnaker Tru. Morgan Stanley reported 885,658 shares or 0% of all its holdings. Northwestern Mutual Wealth Mngmt accumulated 27,179 shares. Pnc Fincl Ser Group holds 0% or 74,410 shares in its portfolio. Moreover, Cohen Steers has 0.01% invested in Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB). Royal State Bank Of Canada reported 0% stake. Cls Ltd Limited Liability Company holds 0% or 1,241 shares. Janney Montgomery Scott Limited Liability Corporation invested in 0% or 16,935 shares. Wells Fargo Mn owns 408,745 shares for 0% of their portfolio. Guggenheim Ltd stated it has 544,935 shares or 0.02% of all its holdings. Citigroup Inc stated it has 32,415 shares.

The stock of Eaton Vance Tax-Managed Buy-Write Income Fund (ETB) formed an up wedge with $17.55 target or 8.00 % above today’s $16.25 share price. The 8 months wedge indicates low risk for the $422.08 million company. If the $17.55 price target is reached, the company will be worth $33.77M more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock decreased 0.25% or $0.04 during the last trading session, reaching $16.25. About 38,752 shares traded. Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) has declined 3.09% since July 14, 2017 and is downtrending. It has underperformed by 15.66% the S&P500.

Eaton Vance Tax-Managed Buy-Write Income Fund is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. The company has market cap of $422.08 million. It is co-managed by Parametric Portfolio Associates LLC. It has a 7.77 P/E ratio. The fund invests in the public equity markets of the United States.

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