Eaton (NYSE:ETN) Vance Tax Managed Buy Write Income Fund (ETB) stock has reached a new 52-week high, trading at $15.11, as investors show increased confidence in the fund's performance. The fund offers an attractive dividend yield of 8.42% and has maintained consistent dividend payments for 20 consecutive years, according to InvestingPro data. This milestone reflects a significant uptrend from the previous year, with the fund delivering an impressive year-to-date return of 25.91% and trading at a P/E ratio of 7.54. The ascent to the 52-week high underscores the fund's resilience and the positive sentiment among shareholders who have witnessed a commendable growth trajectory over the past year. The fund's strategic tax-managed approach to buying and writing options has evidently resonated well with the market, leading to this impressive high-water mark. InvestingPro subscribers can access 5 additional key insights about ETB's performance and valuation metrics.
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