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BlackRock Investment Quality Municipal Closed Fund (BKN)
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Upturn Advisory Summary
11/12/2025: 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.
Analysis of Past Performance
Type Stock | Historic Profit 5.49% | Avg. Invested days 36 | 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 11/12/2025 |
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 (but may be subject to state and local taxes). The fund focuses on investment-grade municipal bonds.
Core Business Areas
- Municipal Bond Investments: The fund primarily invests in a diversified portfolio of municipal bonds to generate tax-exempt income.
Leadership and Structure
The fund is managed by BlackRock Advisors, LLC, a subsidiary of BlackRock, Inc. BlackRock is a leading global asset manager.
Top Products and Market Share
Key Offerings
- Tax-Exempt Municipal Bond Portfolio: This is the primary offering, providing investors with a diversified portfolio of municipal bonds generating income that is generally exempt from federal income tax. Competitors include other municipal bond closed-end funds managed by firms like Nuveen, Eaton Vance, and Invesco. Market share data for individual closed-end funds is less readily available than for mutual funds and ETFs.
Market Dynamics
Industry Overview
The municipal bond market is influenced by factors like interest rates, credit ratings, and state/local government fiscal health. Demand for municipal bonds often increases during periods of higher tax rates or economic uncertainty.
Positioning
BKN positions itself as a provider of stable, tax-exempt income through a portfolio of investment-grade municipal bonds. Its competitive advantage lies in BlackRock's expertise and resources in fixed-income investing.
Total Addressable Market (TAM)
The TAM for municipal bonds is trillions of dollars. BKN captures a small portion of this market. Its positioning is to target investors seeking stable, tax-advantaged income within the broader municipal bond market.
Upturn SWOT Analysis
Strengths
- Experienced Management Team (BlackRock)
- Diversified Portfolio
- Tax-Exempt Income
- Established Track Record
Weaknesses
- Sensitivity to Interest Rate Changes
- Potential for Credit Risk
- Closed-End Fund Structure (Potential for Discount to NAV)
- Management Fees
Opportunities
- Increasing Demand for Tax-Advantaged Investments
- Expansion of Municipal Bond Market
- Strategic Asset Allocation Shifts
- Growing Investor Base Seeking Income
Threats
- Rising Interest Rates
- Credit Downgrades of Municipal Issuers
- Changes in Tax Laws
- Increased Competition from Other Fixed-Income Products
Competitors and Market Share
Key Competitors
- Nuveen Quality Municipal Fund (NAD)
- Eaton Vance Municipal Income Trust (EVN)
- Invesco Municipal Trust (VKQ)
Competitive Landscape
BKN competes with other closed-end municipal bond funds based on factors like performance, expense ratio, and distribution rate. BlackRock's size and expertise are a key advantage.
Growth Trajectory and Initiatives
Historical Growth: Growth is primarily driven by investment performance and the fund's ability to maintain or increase its NAV. Issuance of new shares, if any, can also affect growth.
Future Projections: Future growth is dependent on factors such as interest rate movements, credit spreads, and the overall health of the municipal bond market. Analyst estimates are based on these factors.
Recent Initiatives: Recent initiatives would include adjusting the portfolio based on market conditions and optimizing the fund's expense ratio.
Summary
BlackRock Investment Quality Municipal Closed Fund offers tax-exempt income, managed by a reputable firm. Its sensitivity to interest rate changes and potential for trading at a discount to NAV are considerations. The fund's well-diversified portfolio and experienced management are key strengths, while rising interest rates pose a threat. Continued monitoring of market conditions is essential.
Similar Stocks
Sources and Disclaimers
Data Sources:
- BlackRock Official Website
- SEC Filings
- Financial News Outlets (e.g., Bloomberg, Reuters)
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Market share figures are estimates and may not be precise. Investment decisions should be based on individual circumstances and consultation with a qualified financial advisor.
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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