Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial - Chart
- Upturn Summary
- Highlights
- Valuation
- About
BlackRock Municipal Income Closed Fund (BFK)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- 1Y
- 1M
- 1W
Upturn Advisory Summary
12/05/2025: BFK (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type Stock | Historic Profit 5.59% | Avg. Invested days 43 | Today’s Advisory WEAK BUY |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 12/05/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 415.31M USD | Price to earnings Ratio 47.35 | 1Y Target Price - |
Price to earnings Ratio 47.35 | 1Y Target Price - | ||
Volume (30-day avg) - | Beta 0.78 | 52 Weeks Range 8.69 - 10.25 | Updated Date 06/29/2025 |
52 Weeks Range 8.69 - 10.25 | Updated Date 06/29/2025 | ||
Dividends yield (FY) 6.34% | Basic EPS (TTM) 0.2 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 12.94% | Operating Margin (TTM) 87.52% |
Management Effectiveness
Return on Assets (TTM) 1.93% | Return on Equity (TTM) -13.01% |
Valuation
Trailing PE 47.35 | Forward PE - | Enterprise Value 686922560 | Price to Sales(TTM) 11.65 |
Enterprise Value 686922560 | Price to Sales(TTM) 11.65 | ||
Enterprise Value to Revenue 65.08 | Enterprise Value to EBITDA - | Shares Outstanding 43854800 | Shares Floating - |
Shares Outstanding 43854800 | Shares Floating - | ||
Percent Insiders - | Percent Institutions 43.58 |
Upturn AI SWOT
BlackRock Municipal Income Closed Fund
Company Overview
History and Background
The BlackRock Municipal Income Closed Fund (formerly known as BlackRock Pennsylvania Municipal Income Trust, then BlackRock Municipal Income Trust II) is a closed-end investment company launched in 1996. It aims to provide high current income, generally exempt from federal income tax, by investing in a diversified portfolio of municipal obligations issued by state and local governments and their agencies. The fund has undergone name changes and strategic adjustments over its operational history to reflect its investment objectives and the broader BlackRock municipal fund suite.
Core Business Areas
- Municipal Bond Investing: The fund's primary business is investing in a diversified portfolio of investment-grade municipal bonds, with a focus on generating tax-exempt income for its shareholders. These bonds are issued by state and local governments and their agencies, with the goal of providing income free from federal income tax.
Leadership and Structure
The BlackRock Municipal Income Closed Fund is managed by BlackRock, Inc., a leading global investment management corporation. The fund operates under a closed-end structure, meaning it issues a fixed number of shares that trade on an exchange. The specific portfolio management team responsible for the fund's day-to-day investment decisions is part of BlackRock's fixed income division.
Top Products and Market Share
Key Offerings
- Description: A closed-end fund that invests in a portfolio of municipal bonds to generate tax-exempt income. It aims for current income and capital preservation. The fund's specific holdings are diversified across various municipalities and types of municipal debt. Competitors include other closed-end municipal bond funds from firms like PIMCO, Nuveen, and Invesco, as well as open-end municipal bond ETFs and mutual funds.
- Product Name: BlackRock Municipal Income Closed Fund (MUI)
Market Dynamics
Industry Overview
The municipal bond market is a significant segment of the U.S. fixed-income landscape, characterized by its tax advantages for investors, particularly those in higher tax brackets. The market is influenced by factors such as interest rate movements, inflation expectations, federal and state tax policies, and the credit quality of municipal issuers. Closed-end funds in this space offer investors a way to access a diversified portfolio with potentially enhanced income through leverage and active management, but also come with the risks associated with market price volatility and management fees.
Positioning
The BlackRock Municipal Income Closed Fund is positioned as a provider of tax-exempt income within the municipal bond market. Its competitive advantage lies in BlackRock's extensive expertise in fixed-income management and its ability to access a wide universe of municipal securities. However, it competes in a crowded market with numerous other municipal bond funds, both closed-end and open-end.
Total Addressable Market (TAM)
The total addressable market for municipal bonds is substantial, with trillions of dollars in outstanding debt. The TAM for closed-end municipal income funds is a subset of this, representing the assets investors allocate to this specific investment vehicle for tax-exempt income. BlackRock, as a major asset manager, has a significant presence within this TAM, but its market share is fragmented among many participants.
Upturn SWOT Analysis
Strengths
- Experienced fund management team with extensive fixed-income expertise.
- Diversified portfolio construction aims to mitigate issuer-specific risk.
- BlackRock's strong brand recognition and distribution capabilities.
- Focus on tax-exempt income is attractive to a specific investor base.
Weaknesses
- Closed-end structure can lead to trading at a discount or premium to Net Asset Value (NAV).
- Reliance on specific tax laws, which can change.
- Potential for interest rate risk to impact bond prices and fund performance.
- Management fees can impact net returns.
Opportunities
- Potential for increased demand for tax-exempt income in a rising tax environment.
- Opportunities to capitalize on undervalued municipal securities.
- Leveraging BlackRock's research capabilities to identify attractive investment opportunities.
- Expansion of the fund's offerings or strategic partnerships.
Threats
- Rising interest rates can negatively impact bond valuations and fund returns.
- Deterioration in the credit quality of municipal issuers.
- Changes in federal or state tax legislation that reduce the tax benefits of municipal bonds.
- Increased competition from other fixed-income investment vehicles.
Competitors and Market Share
Key Competitors
- Nuveen High Income Municipal Bond Fund (NHY)
- PIMCO Municipal Income Fund III (PMX)
- Invesco Municipal Opportunity Trust (VOT)
Competitive Landscape
The competitive landscape for closed-end municipal bond funds is highly competitive. BlackRock Municipal Income Closed Fund competes on factors such as distribution rate, NAV performance, expense ratios, and portfolio management expertise. Its advantages include BlackRock's scale and research capabilities, while disadvantages could be associated with its specific investment strategy and fee structure compared to rivals.
Growth Trajectory and Initiatives
Historical Growth: The growth of a closed-end fund is primarily measured by the growth of its Net Asset Value (NAV) and its ability to consistently distribute income. Historical trends would be assessed by examining NAV performance and distribution consistency over several years. Factors influencing this include market performance of municipal bonds and the fund's investment strategy.
Future Projections: Future projections for closed-end funds are typically guided by market outlooks for the underlying asset class (municipal bonds) and the fund manager's strategy. Analysts may provide commentary on potential NAV growth and distribution sustainability based on interest rate forecasts and credit outlooks for municipal issuers.
Recent Initiatives: Recent initiatives might include adjustments to the portfolio's duration, credit quality, or leverage to adapt to changing market conditions. They could also involve efforts to enhance shareholder value, such as rights offerings or tender offers, though such actions are not always undertaken. Specific initiatives would be detailed in fund filings and communications.
Summary
BlackRock Municipal Income Closed Fund operates in a mature and competitive municipal bond market, focusing on tax-exempt income. Its strengths lie in BlackRock's extensive management expertise and diversified portfolio. However, it faces risks from interest rate volatility and potential changes in tax laws. To succeed, the fund must continue to navigate market conditions effectively and maintain attractive distribution rates to retain investor interest.
Similar Stocks
Sources and Disclaimers
Data Sources:
- BlackRock Investor Relations
- SEC Filings (EDGAR Database)
- Financial News Outlets (e.g., Bloomberg, Reuters)
- Financial Data Providers (e.g., Morningstar, Yahoo Finance)
Disclaimers:
This analysis is based on publicly available information and may not be exhaustive. It is for informational purposes only and should not be considered investment advice. Investors should conduct their own due diligence and consult with a qualified financial advisor before making any investment decisions. Market share figures are estimates and can fluctuate.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About BlackRock Municipal Income Closed Fund
Exchange NYSE | Headquaters New York, NY, United States | ||
IPO Launch date 2001-07-27 | CEO - | ||
Sector Financial Services | Industry Asset Management | Full time employees - | |
Full time employees - | |||
BlackRock Municipal Income Trust is a closed ended fixed income mutual fund launched by BlackRock, Inc. It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in investment grade municipal bonds that are exempt from regular federal income tax. BlackRock Municipal Income Trust was formed on July 31, 2001 and is domiciled in United States.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.