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BlackRock Municipal Income Quality Closed Fund (BYM)



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Upturn Advisory Summary
09/15/2025: BYM (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type Stock | Historic Profit -3.28% | Avg. Invested days 33 | 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 Trust (BKN) is a closed-end management investment company. It was founded to seek current income exempt from federal income tax and invests primarily in municipal obligations.
Core Business Areas
- Municipal Bond Investments: BKN focuses on investing in a diversified portfolio of municipal bonds, primarily those exempt from federal income tax. They actively manage the portfolio to generate income.
Leadership and Structure
The fund is managed by BlackRock Advisors, LLC. BlackRock is a publicly traded company with a well-established leadership team.
Top Products and Market Share
Key Offerings
- Municipal Bond Portfolio: BKN offers investors access to a professionally managed portfolio of municipal bonds. Market share data is difficult to pinpoint for specific closed-end funds; instead, BlackRock as a whole is a major player in the municipal bond space. Competitors include Nuveen, Eaton Vance, and Invesco.
Market Dynamics
Industry Overview
The municipal bond market is influenced by interest rates, credit ratings, and overall economic conditions. Demand is often driven by investors seeking tax-advantaged income.
Positioning
BKN is a closed-end fund offering a diversified portfolio of municipal bonds. Competitive advantage lies in BlackRock's management expertise and scale.
Total Addressable Market (TAM)
The total addressable market is the entire municipal bond market, which is several trillion dollars. BKN captures a small portion of this, primarily through its closed-end fund structure targeting income-seeking investors.
Upturn SWOT Analysis
Strengths
- Experienced management team (BlackRock)
- Diversified portfolio of municipal bonds
- Tax-exempt income for investors
Weaknesses
- Closed-end fund structure can lead to trading at a discount or premium to NAV
- Vulnerability to interest rate fluctuations
- Reliance on creditworthiness of municipal issuers
Opportunities
- Increasing demand for tax-advantaged investments
- Potential for higher yields in rising interest rate environment
- Expanding the fund's asset base
Threats
- Rising interest rates impacting bond values
- Credit downgrades of municipal issuers
- Changes in tax laws reducing the attractiveness of municipal bonds
Competitors and Market Share
Key Competitors
- Nuveen Municipal Value Fund, Inc. (NUV)
- Eaton Vance Municipal Income Trust (EVN)
- Invesco Municipal Opportunity Trust (VBF)
Competitive Landscape
BKN competes with other closed-end municipal bond funds. BlackRock's brand recognition and management expertise provide an advantage.
Growth Trajectory and Initiatives
Historical Growth: Growth depends on the fund's ability to generate income and manage its portfolio effectively. NAV fluctuations impact growth.
Future Projections: Future growth projections are uncertain and depend on market conditions and management expertise. Analyst estimates are not typically available for individual closed-end funds.
Recent Initiatives: Recent initiatives would typically involve portfolio adjustments based on market conditions.
Summary
BlackRock Municipal Income Quality Trust provides a way to invest in a tax-exempt portfolio. The success of the fund hinges on the management team's performance. The fund could perform badly if interest rates increase or credit downgrades occur. Investors should note the potential for trading at a discount or premium to NAV.
Peer Comparison
Sources and Disclaimers
Data Sources:
- BlackRock official website
- Financial news websites (e.g., Bloomberg, Reuters)
- SEC filings
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 financial advisor. Market share percentages are estimates and may not reflect exact values.
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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