BTT
BTT 1-star rating from Upturn Advisory

Blackrock Municipal Target Term Closed Fund (BTT)

Blackrock Municipal Target Term Closed Fund (BTT) 1-star rating from Upturn Advisory
$22.49
Last Close (24-hour delay)
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PASS
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Upturn Advisory Summary

12/01/2025: BTT (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

Upturn 1 star rating for performance

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 9.76%
Avg. Invested days 62
Today’s Advisory PASS
Upturn Star Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 4.0
Stock Returns Performance Upturn Returns Performance icon 2.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 12/01/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 1.42B USD
Price to earnings Ratio 36.1
1Y Target Price -
Price to earnings Ratio 36.1
1Y Target Price -
Volume (30-day avg) -
Beta 0.45
52 Weeks Range 20.02 - 21.75
Updated Date 06/29/2025
52 Weeks Range 20.02 - 21.75
Updated Date 06/29/2025
Dividends yield (FY) 2.57%
Basic EPS (TTM) 0.6

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 41.34%
Operating Margin (TTM) 80.06%

Management Effectiveness

Return on Assets (TTM) 1.8%
Return on Equity (TTM) 2.16%

Valuation

Trailing PE 36.1
Forward PE -
Enterprise Value 2205477376
Price to Sales(TTM) 17.12
Enterprise Value 2205477376
Price to Sales(TTM) 17.12
Enterprise Value to Revenue 39.16
Enterprise Value to EBITDA -
Shares Outstanding 65612000
Shares Floating -
Shares Outstanding 65612000
Shares Floating -
Percent Insiders -
Percent Institutions 38.76

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI SWOT

Blackrock Municipal Target Term Closed Fund

Blackrock Municipal Target Term Closed Fund(BTT) company logo displayed in Upturn AI summary

Company Overview

Company history and background logo History and Background

BlackRock Municipal Target Term Trust Inc. (NYSE: BTT) was founded to seek high current income, with a secondary goal of capital appreciation. The fund invests primarily in investment-grade municipal bonds and has a specific target termination date.

Company business area logo Core Business Areas

  • Closed-End Fund Management: Manages a portfolio of municipal bonds, aiming to provide income and capital appreciation within a specific timeframe.

leadership logo Leadership and Structure

BlackRock is a global investment management firm. The fund is managed by a team of investment professionals within BlackRock's municipal bond division.

Top Products and Market Share

Product Key Offerings logo Key Offerings

  • Municipal Bond Portfolio: The fund's core product is a portfolio of municipal bonds, primarily investment grade. BlackRock as a whole manages a significant portion of municipal bond assets, but specific market share data for BTT is not directly available as the fund's performance is tied to how these funds perform for their investors. Competitors include other closed-end municipal bond funds and open-end municipal bond mutual funds.

Market Dynamics

industry overview logo Industry Overview

The municipal bond market is influenced by interest rates, credit ratings, and economic conditions. Demand is driven by investors seeking tax-exempt income.

Positioning

BTT is positioned as a closed-end fund providing access to a portfolio of municipal bonds. Its target term structure differentiates it from perpetual funds.

Total Addressable Market (TAM)

The total US municipal bond market is estimated to be in the trillions of dollars. BTT occupies a small fraction of this market.

Upturn SWOT Analysis

Strengths

  • Experienced management team at BlackRock
  • Diversified portfolio of municipal bonds
  • Target term structure provides a defined exit strategy
  • Tax-exempt income for investors

Weaknesses

  • Closed-end fund structure can lead to trading at a discount to NAV
  • Interest rate risk
  • Credit risk (though focused on investment-grade bonds)
  • Management fees reduce returns

Opportunities

  • Rising demand for tax-exempt income
  • Potential for capital appreciation as the fund approaches its termination date
  • Ability to leverage BlackRock's research and resources
  • Increased allocation from institutional investors

Threats

  • Rising interest rates
  • Credit downgrades of municipal bonds
  • Changes in tax laws that reduce the attractiveness of municipal bonds
  • Increased competition from other fixed-income investments

Competitors and Market Share

Key competitor logo Key Competitors

  • NUV
  • VFL
  • PZA
  • EOT

Competitive Landscape

BTT competes with other closed-end municipal bond funds. Its target term structure is a differentiating factor. BlackRock's brand and resources provide a competitive advantage.

Growth Trajectory and Initiatives

Historical Growth: Growth depends on the performance of the municipal bond market and the fund's investment strategy.

Future Projections: Future performance is subject to market conditions and analyst estimates. Given the target term structure, the fund's focus shifts towards managing the portfolio towards liquidation.

Recent Initiatives: Recent initiatives likely focus on managing the portfolio's duration and credit quality in anticipation of the termination date.

Summary

BlackRock Municipal Target Term Closed Fund is a closed-end fund that invests in municipal bonds with a target termination date. Its strength lies in BlackRock's management and focus on tax-exempt income. Weaknesses include market risk and its closed-end structure. Investors should consider its defined term and market conditions before investing.

Similar Stocks

Sources and Disclaimers

Data Sources:

  • BlackRock official website
  • Yahoo Finance
  • SEC filings
  • FactSet

Disclaimers:

This analysis is for informational purposes only and does not constitute financial advice. Market share estimates are approximate. Investing involves risk.

Information icon for Upturn AI Summarization accuracy disclaimer AI Summarization is directionally correct and might not be accurate.

Information icon for Upturn AI Summarization data freshness disclaimer Summarized information shown could be a few years old and not current.

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About Blackrock Municipal Target Term Closed Fund

Exchange NYSE
Headquaters New York, NY, United States
IPO Launch date 2012-08-30
CEO -
Sector Financial Services
Industry Asset Management
Full time employees -
Full time employees -

Blackrock Municipal 2030 Target Term Trust is a closed end fixed income mutual fund launched by BlackRock, Inc. The fund is managed by by BlackRock Advisors, LLC. It invests in fixed income markets. The fund invests primarily in investment grade municipal bonds that are exempt from regular federal income tax. It was formerly known as BlackRock Municipal Target Term Trust. Blackrock Municipal 2030 Target Term Trust was formed on August 30, 2012 and is domiciled in the United States.