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BlackRock Municipal Income Quality Closed Fund (BYM)



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Upturn Advisory Summary
08/14/2025: BYM (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type Stock | Historic Profit -8.42% | Avg. Invested days 31 | 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 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
BlackRock Municipal Income Quality Closed Fund (BYM) was established to provide current income exempt from federal income tax, with a secondary goal of capital appreciation. Its strategy involves investing primarily in municipal bonds deemed investment grade at the time of investment.
Core Business Areas
- Municipal Bond Investments: Primarily invests in a portfolio of investment-grade municipal bonds, generating income exempt from federal income tax.
Leadership and Structure
BYM is managed by BlackRock Fund Advisors, a subsidiary of BlackRock, Inc. Portfolio management teams oversee the fund's investment strategy.
Top Products and Market Share
Key Offerings
- Municipal Bond Fund: BYM offers a diversified portfolio of municipal bonds aimed at providing tax-exempt income to investors. Market share data is not directly available for closed-end funds like BYM. Competitors include other closed-end municipal bond funds and ETFs.
Market Dynamics
Industry Overview
The municipal bond market is influenced by interest rates, credit ratings, and tax policy. Demand is driven by investors seeking tax-advantaged income.
Positioning
BYM is positioned as a high-quality, income-generating municipal bond fund within the closed-end fund space. Competitive advantages include BlackRock's extensive research and management expertise.
Total Addressable Market (TAM)
The total addressable market for municipal bonds is in the trillions of dollars. BYM is positioned to capture a portion of this market by providing a diversified, professionally managed portfolio.
Upturn SWOT Analysis
Strengths
- Experienced management team (BlackRock)
- Diversified portfolio of municipal bonds
- Tax-exempt income stream
- Established track record
Weaknesses
- Closed-end fund structure (potential for discount to NAV)
- Sensitivity to interest rate changes
- Dependence on BlackRock's expertise
Opportunities
- Increasing demand for tax-advantaged investments
- Potential for capital appreciation in a favorable interest rate environment
- Expansion of investment strategies
Threats
- Rising interest rates
- Credit downgrades of municipal bonds
- Changes in tax laws
- Increased competition from other municipal bond funds
Competitors and Market Share
Key Competitors
- NUV
- VFL
- EOT
- MUB
Competitive Landscape
BYM competes with other closed-end municipal bond funds based on yield, expense ratio, and performance. BlackRock's brand and resources provide a competitive advantage.
Growth Trajectory and Initiatives
Historical Growth: Growth is tied to the performance of the underlying bond portfolio and market conditions.
Future Projections: Future performance is subject to market risks and economic factors.
Recent Initiatives: Focuses on managing the portfolio to maximize tax-exempt income and total return.
Summary
BlackRock Municipal Income Quality Closed Fund offers a diversified portfolio of municipal bonds managed by an experienced team at BlackRock, focusing on generating tax-exempt income. The fund's performance is susceptible to interest rate changes and credit risks within the municipal bond market. Its closed-end structure can lead to fluctuations in the premium or discount to NAV. Investors should consider these factors when evaluating BYM.
Peer Comparison
Sources and Disclaimers
Data Sources:
- BlackRock official website
- SEC filings
- Financial news outlets
Disclaimers:
This analysis is for informational purposes only and does not constitute investment advice. Market data is subject to change. Past performance is not indicative 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 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.

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