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Blackrock Municipal Target Term Closed Fund (BTT)



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Upturn Advisory Summary
08/28/2025: BTT (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type Stock | Historic Profit 8.96% | Avg. Invested days 54 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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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 |
Upturn AI SWOT
Blackrock Municipal Target Term Closed Fund
Company Overview
History and Background
BlackRock Municipal Target Term Trust Inc. (BTT) is a closed-end management investment company. The Fund's investment objective is to seek to provide current income exempt from federal income tax, as well as to return $25.00 per share to holders of common stock on or about December 31, 2030.
Core Business Areas
- Municipal Bond Investments: Invests primarily in a diversified portfolio of municipal obligations, the interest on which is exempt from federal income tax (except that the interest may be subject to the federal alternative minimum tax).
Leadership and Structure
BlackRock Fund Advisors serves as the investment advisor.
Top Products and Market Share
Key Offerings
- Municipal Bond Portfolio: BTT manages a portfolio of municipal bonds. The market share is difficult to pinpoint as the fund operates within a broader market. Competitors include other closed-end municipal bond funds like Nuveen Municipal Credit Opportunities Fund (NMCO) and Eaton Vance Municipal Income Trust (EVN).
Market Dynamics
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 positions itself as a provider of tax-exempt income with a target term structure. Its competitive advantage is its term structure, aiming to return capital at a specific date.
Total Addressable Market (TAM)
The total municipal bond market is trillions of dollars. BTT, with its relatively smaller AUM, captures a small fraction of this, focusing on a specific segment.
Upturn SWOT Analysis
Strengths
- Tax-exempt income
- Target term structure (return of capital)
- Managed by BlackRock
- Diversified municipal bond portfolio
Weaknesses
- Sensitivity to interest rate changes
- Potential for credit risk in underlying bonds
- Market fluctuations can affect NAV
- Limited liquidity compared to open-end funds
Opportunities
- Rising demand for tax-exempt investments
- Potential for capital appreciation as target term approaches
- Active management to navigate market volatility
- Increase AUM through marketing and distribution
Threats
- Rising interest rates
- Credit downgrades of municipal issuers
- Changes in tax laws
- Increased competition from other municipal bond funds
Competitors and Market Share
Key Competitors
- Nuveen Municipal Credit Opportunities Fund (NMCO)
- Eaton Vance Municipal Income Trust (EVN)
- PIMCO Municipal Income Fund II (PML)
Competitive Landscape
BTT competes based on its target term structure and BlackRock's reputation. Competitors offer different strategies and risk profiles.
Growth Trajectory and Initiatives
Historical Growth: Growth is dependent on market interest rate changes, with growth generally consistent, the goal is not high growth.
Future Projections: Future growth depends on interest rate environment and active management of the bond portfolio.
Recent Initiatives: Fund may adjust it's holdings but there have not been any recently made known strategic initiatives
Summary
BlackRock Municipal Target Term Trust (BTT) provides tax-exempt income with a defined term structure. Its strength lies in BlackRock's management and the predictable return of capital. However, it is vulnerable to interest rate risk and relies on the creditworthiness of municipal bond issuers. Careful management of the portfolio's credit risk is important and must also be aware of changing tax laws.
Peer Comparison
Sources and Disclaimers
Data Sources:
- BlackRock Fund Literature
- Financial News Outlets
- Yahoo Finance
Disclaimers:
This analysis is for informational purposes only and should not be considered financial advice. Market conditions can change rapidly. Data from prior periods is not a guarantee of future results.
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 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.

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