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Upturn AI SWOT - About
BlackRock Investment Quality Municipal Closed Fund (BKN)
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Upturn Advisory Summary
07/02/2025: BKN (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.
Number of Analysts
0 Analysts rated it
Highly popular stock, broad analyst coverage, trusted insights, strong investor interest.
1 Year Target Price -
1 Year Target Price -
| 1 | Strong Buy |
| 0 | Buy |
| 0 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 6.11% | Avg. Invested days 39 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 07/02/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 185.99M USD | Price to earnings Ratio 51.48 | 1Y Target Price - |
Price to earnings Ratio 51.48 | 1Y Target Price - | ||
Volume (30-day avg) - | Beta 0.72 | 52 Weeks Range 10.06 - 12.58 | Updated Date 06/29/2025 |
52 Weeks Range 10.06 - 12.58 | Updated Date 06/29/2025 | ||
Dividends yield (FY) 6.33% | Basic EPS (TTM) 0.21 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 23.9% | Operating Margin (TTM) 88.42% |
Management Effectiveness
Return on Assets (TTM) 2.48% | Return on Equity (TTM) 1.65% |
Valuation
Trailing PE 51.48 | Forward PE - | Enterprise Value 304891488 | Price to Sales(TTM) 12.11 |
Enterprise Value 304891488 | Price to Sales(TTM) 12.11 | ||
Enterprise Value to Revenue 43.93 | Enterprise Value to EBITDA - | Shares Outstanding 17205800 | Shares Floating - |
Shares Outstanding 17205800 | Shares Floating - | ||
Percent Insiders - | Percent Institutions 26.35 |
Upturn AI SWOT
BlackRock Investment Quality Municipal Closed Fund
Company Overview
History and Background
BlackRock Investment Quality Municipal Closed Fund (BKN) was established to provide current income exempt from federal income tax, consistent with the preservation of capital.
Core Business Areas
- Municipal Bond Investments: Invests primarily in a portfolio of long-term investment-grade municipal bonds exempt from federal income tax (except that the interest may be subject to alternative minimum tax).
Leadership and Structure
The fund is managed by BlackRock Advisors, LLC. Details on specific portfolio managers can be found in fund filings.
Top Products and Market Share
Key Offerings
- Municipal Bond Portfolio: A diversified portfolio of municipal bonds, designed to generate tax-exempt income. Market share information is difficult to ascertain for specific closed-end funds, but it is influenced by assets under management relative to other municipal bond funds. Competitors include other closed-end municipal bond funds from Nuveen, Eaton Vance, and Invesco.
Market Dynamics
Industry Overview
The municipal bond market is sensitive to interest rate changes, credit quality, and overall economic conditions. Demand is driven by investors seeking tax-exempt income.
Positioning
BKN aims to provide stable tax-exempt income through a portfolio of investment-grade municipal bonds. Its competitive advantage lies in BlackRock's expertise in fixed-income management and access to municipal bond markets.
Total Addressable Market (TAM)
The TAM for municipal bonds is estimated to be trillions of dollars. BKN's positioning within this TAM is dependent on its assets under management relative to the overall market.
Upturn SWOT Analysis
Strengths
- Experienced management team (BlackRock)
- Focus on investment-grade municipal bonds
- Potential for tax-exempt income
Weaknesses
- Sensitivity to interest rate changes
- Potential for credit risk in municipal bonds
- Closed-end fund structure can lead to price volatility
Opportunities
- Increased demand for tax-exempt income in a rising tax environment
- Potential for active management to outperform passive municipal bond strategies
- Expanding municipal bond market
Threats
- Rising interest rates
- Economic downturn affecting municipal credit quality
- Changes in tax laws reducing the attractiveness of municipal bonds
Competitors and Market Share
Key Competitors
- Nuveen Municipal High Income Opportunity Fund (NMZ)
- Eaton Vance Municipal Income Trust (EVN)
- Invesco Municipal Opportunity Trust (VBF)
Competitive Landscape
BKN competes with other closed-end municipal bond funds based on factors such as yield, expense ratio, and past performance.
Growth Trajectory and Initiatives
Historical Growth: Growth is primarily driven by market performance and investor demand for tax-exempt income.
Future Projections: Future growth is dependent on the outlook for interest rates, the municipal bond market, and BlackRock's ability to attract and retain investors.
Recent Initiatives: Recent initiatives focus on portfolio optimization and managing duration risk.
Summary
BKN offers investors tax-exempt income through a portfolio of municipal bonds. Its performance is highly correlated to interest rate movements and the credit quality of its holdings. BlackRock's management expertise is a key strength, but rising rates and economic uncertainty pose challenges. Investors should carefully consider these factors before investing.
Peer Comparison
Sources and Disclaimers
Data Sources:
- BlackRock Fund Website
- SEC Filings
- Yahoo Finance
- Seeking Alpha
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Investment decisions should be based on individual circumstances and consultation with a qualified financial advisor. Market share percentages are estimates based on publicly available data and may not be precise.
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 Investment Quality Municipal Closed Fund
Exchange NYSE | Headquaters New York, NY, United States | ||
IPO Launch date 1993-02-23 | CEO - | ||
Sector Financial Services | Industry Asset Management | Full time employees - | |
Full time employees - | |||
BlackRock Investment Quality Municipal Trust Inc. 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 municipal obligations exempt from federal income taxes. Blackrock Investment Quality Municipal Trust Inc. was formed on February 28, 1993 and is domiciled in United States.
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