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Upturn AI SWOT - About
BlackRock Investment Quality Municipal Closed Fund (BKN)
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Upturn Advisory Summary
04/01/2025: BKN (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.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit -21.82% | Avg. Invested days 32 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 198.21M USD | Price to earnings Ratio 24.51 | 1Y Target Price - |
Price to earnings Ratio 24.51 | 1Y Target Price - | ||
Volume (30-day avg) 43459 | Beta 0.65 | 52 Weeks Range 10.84 - 12.78 | Updated Date 04/4/2025 |
52 Weeks Range 10.84 - 12.78 | Updated Date 04/4/2025 | ||
Dividends yield (FY) 5.94% | Basic EPS (TTM) 0.47 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 49.02% | Operating Margin (TTM) 89.06% |
Management Effectiveness
Return on Assets (TTM) 2.4% | Return on Equity (TTM) 3.29% |
Valuation
Trailing PE 24.51 | Forward PE - | Enterprise Value 304891488 | Price to Sales(TTM) 12.97 |
Enterprise Value 304891488 | Price to Sales(TTM) 12.97 | ||
Enterprise Value to Revenue 24.28 | Enterprise Value to EBITDA - | Shares Outstanding 17205800 | Shares Floating - |
Shares Outstanding 17205800 | Shares Floating - | ||
Percent Insiders - | Percent Institutions 29.27 |
Analyst Ratings
Rating 5 | Target Price - | Buy - | Strong Buy 1 |
Buy - | Strong Buy 1 | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
BlackRock Investment Quality Municipal Closed Fund
Company Overview
History and Background
BlackRock Investment Quality Municipal Closed Fund (BKN) was established to provide current income exempt from federal income tax, focusing on investment-grade municipal bonds. It leverages BlackRock's expertise in fixed-income management.
Core Business Areas
- Municipal Bond Investments: Primarily invests in a diversified portfolio of investment-grade municipal bonds to generate tax-exempt income.
Leadership and Structure
Operated by BlackRock Advisors, LLC, a subsidiary of BlackRock, Inc. Portfolio management is overseen by experienced fixed-income professionals.
Top Products and Market Share
Key Offerings
- Municipal Bond Portfolio: A closed-end fund providing exposure to a diversified portfolio of municipal bonds, aiming for tax-exempt income. Market share data is not directly available for individual closed-end funds. Competitors include other municipal bond closed-end funds.
Market Dynamics
Industry Overview
The municipal bond market is influenced by interest rates, credit quality of issuers, and tax policy changes. Demand is driven by investors seeking tax-advantaged income.
Positioning
BKN leverages BlackRock's reputation and research capabilities to deliver competitive risk-adjusted returns in the municipal bond sector. It aims for consistent income generation.
Total Addressable Market (TAM)
The TAM is represented by the total value of outstanding municipal bonds, estimated to be in the trillions of dollars. BKN targets a segment of this market, focusing on investment-grade bonds. Actual AUM is significantly smaller.
Upturn SWOT Analysis
Strengths
- Experienced management team (BlackRock)
- Diversified portfolio
- Access to BlackRock's research resources
- Established track record
Weaknesses
- Closed-end fund structure can lead to trading at a discount to NAV
- Sensitivity to interest rate changes
- Management fees can impact net returns
- Reliance on BlackRocku2019s investment strategies
Opportunities
- Increasing demand for tax-exempt income
- Expansion into new municipal bond sectors
- Leveraging BlackRock's global platform
- Potential for capital appreciation through strategic bond selection
Threats
- Rising interest rates
- Credit downgrades of municipal issuers
- Changes in tax laws
- Increased competition from other investment vehicles
Competitors and Market Share
Key Competitors
- NUW
- VMO
- MUB
- HYD
Competitive Landscape
BKN competes with other municipal bond closed-end funds and ETFs. BlackRock's brand and investment expertise provide a competitive advantage.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Growth is dependent on the performance of the underlying bond portfolio and market demand for tax-exempt income.
Future Projections: Future growth is influenced by interest rate expectations, municipal bond market conditions, and BlackRock's investment strategies. Analyst estimates are not readily available for individual closed-end funds.
Recent Initiatives: Recent initiatives may include adjustments to the portfolio allocation based on market conditions and economic outlook.
Summary
BKN offers a tax-exempt income stream via a diversified portfolio managed by BlackRock. Its strength lies in BlackRock's expertise and established track record, but closed-end fund structure can lead to price volatility and discount to NAV. Investors should monitor interest rate sensitivity and credit risk, while leveraging BKN's opportunity to capitalize on demand for tax-advantaged income. The market is very competitive, and BKN does not have a strong market presence.
Similar Companies
MUB
iShares National Muni Bond ETF
MUB
iShares National Muni Bond ETF
VMO
Invesco Municipal Opportunity Trust
VMO
Invesco Municipal Opportunity Trust
Sources and Disclaimers
Data Sources:
- BlackRock official website
- Yahoo Finance
- SEC filings
- Morningstar
Disclaimers:
The analysis is based on publicly available information and is not financial advice. Investment decisions should be made after consulting a financial advisor. Market share figures are estimates and may not be precise.
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 Investment Quality Municipal Closed Fund
Exchange NYSE | Headquaters New York, NY, United States | ||
IPO Launch date 1993-02-23 | CEO - | ||
Sector Financial Services | Industry Asset Management | Full time employees - | |
Full time employees - | |||
BlackRock Investment Quality Municipal Trust Inc. is a closed ended fixed income mutual fund launched by BlackRock, Inc. It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in investment grade municipal bonds municipal obligations exempt from federal income taxes. Blackrock Investment Quality Municipal Trust Inc. was formed on February 28, 1993 and is domiciled in United States.
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