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BlackRock Municipal Income Quality Closed Fund (BYM)
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Upturn Advisory Summary
12/26/2025: BYM (1-star) is currently NOT-A-BUY. Pass it for now.
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 -4.1% | Avg. Invested days 39 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 12/26/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 269.39M USD | Price to earnings Ratio 54.74 | 1Y Target Price - |
Price to earnings Ratio 54.74 | 1Y Target Price - | ||
Volume (30-day avg) - | Beta 0.73 | 52 Weeks Range 9.95 - 11.73 | Updated Date 06/29/2025 |
52 Weeks Range 9.95 - 11.73 | Updated Date 06/29/2025 | ||
Dividends yield (FY) 6.40% | Basic EPS (TTM) 0.19 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 21.64% | Operating Margin (TTM) 87.88% |
Management Effectiveness
Return on Assets (TTM) 2.48% | Return on Equity (TTM) 1.5% |
Valuation
Trailing PE 54.74 | Forward PE - | Enterprise Value 429261216 | Price to Sales(TTM) 11.96 |
Enterprise Value 429261216 | Price to Sales(TTM) 11.96 | ||
Enterprise Value to Revenue 55.42 | Enterprise Value to EBITDA - | Shares Outstanding 25903300 | Shares Floating - |
Shares Outstanding 25903300 | Shares Floating - | ||
Percent Insiders - | Percent Institutions 32.61 |
Upturn AI SWOT
BlackRock Municipal Income Quality Closed Fund
Company Overview
History and Background
The BlackRock Municipal Income Quality Closed Fund (formerly known as BlackRock Municipal Income Trust II, ticker MUE) is a closed-end fund managed by BlackRock, Inc. It was established to invest in a diversified portfolio of investment-grade municipal bonds. While specific founding dates for individual closed-end funds can be less prominently advertised than open-end funds or ETFs, its existence points to BlackRock's long-standing commitment to the municipal bond market. Its evolution likely involves strategic adjustments to its portfolio holdings in response to market conditions and investor needs within the municipal sector.
Core Business Areas
- Municipal Bond Investing: The fund's core business is investing in and managing a portfolio of municipal bonds. These bonds are issued by state and local governments and their agencies to finance public projects. The primary objective is to provide current income that is exempt from federal income tax and potentially from state and local income taxes for residents of the issuing states.
Leadership and Structure
As a fund managed by BlackRock, Inc., the specific portfolio management team for the BlackRock Municipal Income Quality Closed Fund is overseen by BlackRock's broader fixed income and municipal bond division. The organizational structure is typical of a large asset manager, with dedicated portfolio managers, research analysts, and risk management professionals responsible for the fund's strategy and execution. The fund operates as a closed-end investment company, meaning it issues a fixed number of shares that trade on a stock exchange.
Top Products and Market Share
Key Offerings
- Product Name 1: BlackRock Municipal Income Quality Closed Fund (MUE) - The fund's primary offering is its shares traded on the NYSE. It focuses on investing in a diversified portfolio of investment-grade municipal bonds. Market share data for individual closed-end funds is not typically tracked in the same way as open-end funds or ETFs. Its competitors are other closed-end municipal bond funds and municipal bond ETFs. Key competitors include Nuveen, PIMCO, and other large asset managers with municipal bond offerings. Specific revenue or user numbers are not publicly disclosed for individual funds but are reflected in the fund's net asset value and market capitalization.
Market Dynamics
Industry Overview
The municipal bond market is a significant sector of the fixed income landscape, providing essential funding for public infrastructure and services. It is influenced by interest rate movements, tax policy changes, economic conditions at the state and local levels, and investor demand for tax-advantaged income. The closed-end fund structure allows for a more stable capital base, which can be advantageous in managing bond portfolios through market fluctuations.
Positioning
BlackRock Municipal Income Quality Closed Fund is positioned within the investment-grade segment of the municipal bond market. Its focus on 'quality' suggests an emphasis on lower-risk municipal issuers. BlackRock's reputation as a large and established asset manager provides a degree of credibility. Its competitive advantage lies in its ability to leverage BlackRock's extensive research capabilities and trading infrastructure to construct and manage its portfolio.
Total Addressable Market (TAM)
The total addressable market for municipal bonds is vast, representing trillions of dollars in outstanding debt. BlackRock Municipal Income Quality Closed Fund participates in the segment focused on investment-grade municipal debt suitable for tax-aware investors seeking income. BlackRock, as a whole, manages a significant portion of assets in the fixed income and municipal space, positioning it well to attract capital within this TAM. The fund's specific market share within the broader municipal bond universe is difficult to quantify as it is a niche within a niche (closed-end funds).
Upturn SWOT Analysis
Strengths
- Strong brand recognition and resources of BlackRock, Inc.
- Focus on investment-grade municipal bonds, implying a lower-risk profile.
- Closed-end structure provides a stable capital base for portfolio management.
- Potential for tax-advantaged income for investors.
Weaknesses
- Closed-end funds can trade at a discount or premium to their Net Asset Value (NAV), creating volatility for shareholders.
- Interest rate sensitivity inherent in bond investments.
- Limited diversification beyond municipal bonds as its core investment.
Opportunities
- Potential for infrastructure spending to increase municipal bond issuance.
- Shifting tax policies that could increase the attractiveness of tax-exempt income.
- Investor demand for income-generating assets in a fluctuating economic environment.
- Opportunities for active management to identify undervalued municipal securities.
Threats
- Rising interest rates can negatively impact bond prices.
- Deterioration of credit quality in state and local government finances.
- Changes in tax laws that could reduce the value of tax-exempt income.
- Increased competition from other municipal bond funds (ETFs and open-end funds).
Competitors and Market Share
Key Competitors
- Nuveen High Income Municipal Opportunity Fund (NBH)
- PIMCO Municipal Income Fund III (PMX)
- Oppenheimer Municipal Bond Fund (OMBIX) - Note: OMBIX is an open-end fund, but represents competition in the municipal space.
- Invesco Municipal Opportunity Trust (VOT)
Competitive Landscape
BlackRock Municipal Income Quality Closed Fund competes with a range of other closed-end and open-end municipal bond funds and ETFs. Its advantage lies in BlackRock's scale and research capabilities. However, it faces competition from established municipal bond specialists like Nuveen and PIMCO, which have extensive track records and brand loyalty in this specific sector. The fund's performance relative to its peers and its ability to trade near its NAV are key competitive factors.
Growth Trajectory and Initiatives
Historical Growth: The growth of a closed-end fund like MUE is not typically measured by revenue or profit growth, but rather by the growth of its Net Asset Value (NAV) and its market capitalization. Historical growth would be assessed by examining the long-term trend of its NAV and its ability to maintain or grow its distributions.
Future Projections: Future projections for closed-end funds are more about expected income generation and potential NAV appreciation rather than earnings per share growth. Projections would be influenced by forecasts for interest rates, municipal credit conditions, and investor demand for tax-exempt income.
Recent Initiatives: Recent initiatives for a fund like this would likely involve portfolio adjustments to adapt to the current interest rate environment, changes in municipal credit outlooks, or rebalancing to meet investment objectives. Specific initiatives are not usually publicized as major strategic shifts unless there are significant structural changes to the fund.
Summary
BlackRock Municipal Income Quality Closed Fund is a well-established closed-end fund focused on investment-grade municipal bonds, offering tax-advantaged income. Its strengths lie in BlackRock's extensive resources and a focus on quality. However, it faces significant interest rate risk and competition from other municipal bond offerings. Investors should monitor its performance relative to its NAV and its ability to consistently generate distributions in a dynamic interest rate environment.
Similar Stocks
Sources and Disclaimers
Data Sources:
- BlackRock Investor Relations website
- Financial data providers (e.g., Morningstar, Bloomberg)
- SEC filings (e.g., N-CSR, N-PORT)
Disclaimers:
This information is for informational purposes only and does not constitute investment advice. Performance data is historical and not indicative of future results. Investors should consult with a qualified financial advisor before making any investment decisions. Market share data for individual closed-end funds is an estimation based on general market presence and fund characteristics.
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 Income Quality Closed Fund
Exchange NYSE | Headquaters New York, NY, United States | ||
IPO Launch date 2002-10-29 | CEO - | ||
Sector Financial Services | Industry Asset Management | Full time employees - | |
Full time employees - | |||
BlackRock Municipal Income Quality Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc. It is managed by BlackRock Advisors, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in investment grade municipal bonds exempt from federal income taxes, including the alternative minimum tax. BlackRock Municipal Income Quality Trust was formed on October 31, 2002 and is domiciled in the United States.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.