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BKN
Upturn stock ratingUpturn stock rating

BlackRock Investment Quality Municipal Closed Fund (BKN)

Upturn stock ratingUpturn stock rating
$10.92
Last Close (24-hour delay)
upturn advisory
PASS
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK

Upturn Advisory Summary

06/30/2025: BKN (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

Analysts rated it

Highly popular stock, broad analyst coverage, trusted insights, strong investor interest.

1 Year Target Price $

1 Year Target Price $

Analysts Price Target For last 52 week
$Target price
Low$
Current$10.92
high$

Analysis of Past Performance

Type Stock
Historic Profit 5.91%
Avg. Invested days 46
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 2.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/30/2025

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

Analyst Ratings

Rating 5
Target Price -
Buy -
Strong Buy 1
Buy -
Strong Buy 1
Hold -
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

BlackRock Investment Quality Municipal Closed Fund

stock logo

Company Overview

overview logo 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.

business area logo 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 logo 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

overview logo 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 logo 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

competitor logo 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.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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.