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Upturn AI SWOT - About
BlackRock Municipal Income Quality Closed Fund (BYM)
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Upturn Advisory Summary
04/01/2025: 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.
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 -8.62% | Avg. Invested days 39 | 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 279.24M USD | Price to earnings Ratio 20.34 | 1Y Target Price - |
Price to earnings Ratio 20.34 | 1Y Target Price - | ||
Volume (30-day avg) 123464 | Beta 0.66 | 52 Weeks Range 10.33 - 11.92 | Updated Date 04/1/2025 |
52 Weeks Range 10.33 - 11.92 | Updated Date 04/1/2025 | ||
Dividends yield (FY) 6.18% | Basic EPS (TTM) 0.53 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 57.49% | Operating Margin (TTM) 88.26% |
Management Effectiveness
Return on Assets (TTM) 2.45% | Return on Equity (TTM) 3.93% |
Valuation
Trailing PE 20.34 | Forward PE - | Enterprise Value 429261216 | Price to Sales(TTM) 12.34 |
Enterprise Value 429261216 | Price to Sales(TTM) 12.34 | ||
Enterprise Value to Revenue 21.22 | Enterprise Value to EBITDA - | Shares Outstanding 25903300 | Shares Floating - |
Shares Outstanding 25903300 | Shares Floating - | ||
Percent Insiders - | Percent Institutions 32.23 |
Analyst Ratings
Rating 5 | Target Price - | Buy - | Strong Buy 1 |
Buy - | Strong Buy 1 | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
BlackRock Municipal Income Quality Closed Fund
Company Overview
History and Background
BlackRock Municipal Income Quality Trust (BFK) is a closed-end management investment company. It was formed to seek as high a level of current income exempt from federal income tax as is consistent with its investment policies and prudent risk management.
Core Business Areas
- Municipal Bond Investments: The fund primarily invests in municipal bonds, aiming to generate income exempt from federal income tax for its shareholders. They focus on a mix of investment-grade and below-investment-grade bonds.
Leadership and Structure
The fund is managed by BlackRock Advisors, LLC, a subsidiary of BlackRock, Inc. The portfolio is overseen by a team of investment professionals specializing in municipal bond markets. BlackRock is a publicly traded company (BLK).
Top Products and Market Share
Key Offerings
- Tax-Exempt Income: BFK's primary offering is providing investors with a stream of income that is exempt from federal income tax. Market share data specific to BFK's niche within municipal closed-end funds is not readily available. Competitors include other municipal closed-end funds from firms like Nuveen, Eaton Vance, and Invesco.
Market Dynamics
Industry Overview
The municipal bond market is influenced by interest rates, credit quality of issuers, and tax law changes. Demand is driven by investors seeking tax-advantaged income.
Positioning
BFK focuses on a blend of investment-grade and below-investment-grade municipal bonds, aiming for higher yield than funds solely invested in top-rated securities. This involves taking on more credit risk for potentially higher returns.
Total Addressable Market (TAM)
The total US municipal bond market is trillions of dollars. BFK's position focuses on capturing a share of the market seeking tax-exempt income, leveraging BlackRock's expertise and scale in fixed-income management.
Upturn SWOT Analysis
Strengths
- Experienced management team (BlackRock)
- Diversified portfolio of municipal bonds
- Tax-exempt income stream
- Active management for potential outperformance
Weaknesses
- Exposure to credit risk in lower-rated bonds
- Leverage increases volatility
- Closed-end fund structure can trade at a discount to NAV
- Interest rate sensitivity
Opportunities
- Rising demand for tax-exempt income in a high-tax environment
- Potential for capital appreciation from credit upgrades
- Ability to capitalize on market inefficiencies
- Increasing investment into infrastructure projects could grow the market
Threats
- Rising interest rates
- Credit downgrades of municipal issuers
- Changes in tax laws reducing the attractiveness of tax-exempt bonds
- Increased competition from other municipal bond funds and ETFs
Competitors and Market Share
Key Competitors
- Nuveen Municipal Credit Income Fund (NZF)
- Eaton Vance Municipal Income Trust (EVN)
- Invesco Municipal Trust (VKQ)
Competitive Landscape
BFK competes with other closed-end municipal bond funds on factors such as yield, expense ratio, risk profile, and historical performance. BlackRock's brand recognition and scale are competitive advantages. The fund takes on more risk than other funds so it can be susceptible to downside.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Growth depends on market conditions, interest rates and the fund's performance. Refer to market publications for this information.
Future Projections: Future growth is dependent on market publications, analyst predictions, and macroeconomic conditions.
Recent Initiatives: Recent initiatives could include adjustments to the portfolio allocation, changes in leverage, or new investment strategies.
Summary
BlackRock Municipal Income Quality Trust aims to provide high tax-exempt income through a diversified portfolio of municipal bonds. The fund's focus on both investment-grade and below-investment-grade bonds allows it to have a higher yield, but also carries greater credit risk and rate sensitivity. Performance depends heavily on interest rates and credit quality in the municipal bond market. Investors should carefully consider the risk-reward profile before investing.
Similar Companies
- NZF
- EVN
- VKQ
- BlackRock, Inc (BLK)
Sources and Disclaimers
Data Sources:
- BlackRock's official website
- Yahoo Finance
- SEC Filings (where applicable)
- Market data from financial news providers
Disclaimers:
The information provided is for informational purposes only and should not be construed as investment advice. Investment decisions should be based on individual circumstances and after consultation with a qualified financial advisor. Market share data is approximate and based on available resources.
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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