Advisors Asset Management Inc. Grows Holdings in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU)

Advisors Asset Management Inc. raised its position in shares of BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) by 0.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 901,824 shares of the financial services provider’s stock after buying an additional 1,139 shares during the period. Advisors Asset Management Inc. owned about 1.93% of BlackRock Debt Strategies Fund worth $9,974,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Spire Wealth Management raised its stake in shares of BlackRock Debt Strategies Fund by 137.0% in the first quarter. Spire Wealth Management now owns 3,041 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 1,758 shares in the last quarter. SeaCrest Wealth Management LLC raised its position in BlackRock Debt Strategies Fund by 13.3% in the 4th quarter. SeaCrest Wealth Management LLC now owns 14,847 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 1,741 shares in the last quarter. Melfa Wealth Management LLC boosted its stake in shares of BlackRock Debt Strategies Fund by 3.4% in the 4th quarter. Melfa Wealth Management LLC now owns 52,726 shares of the financial services provider’s stock valued at $569,000 after buying an additional 1,721 shares during the period. International Assets Investment Management LLC acquired a new position in shares of BlackRock Debt Strategies Fund during the fourth quarter worth about $792,000. Finally, Sowell Financial Services LLC grew its position in shares of BlackRock Debt Strategies Fund by 3.5% during the fourth quarter. Sowell Financial Services LLC now owns 40,911 shares of the financial services provider’s stock worth $441,000 after buying an additional 1,400 shares in the last quarter. Institutional investors and hedge funds own 24.29% of the company’s stock.

BlackRock Debt Strategies Fund Stock Up 0.1 %

NYSE:DSU traded up $0.01 during mid-day trading on Friday, hitting $10.96. The stock had a trading volume of 144,622 shares, compared to its average volume of 150,011. The stock has a 50-day simple moving average of $10.92 and a two-hundred day simple moving average of $10.93. BlackRock Debt Strategies Fund, Inc. has a twelve month low of $9.75 and a twelve month high of $11.40.

BlackRock Debt Strategies Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be paid a dividend of $0.0987 per share. The ex-dividend date of this dividend is Monday, July 15th. This represents a $1.18 annualized dividend and a yield of 10.81%.

About BlackRock Debt Strategies Fund

BlackRock Debt Strategies Fund, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in fixed income markets of the United States. The fund primarily invests in a diversified portfolio of companies' debt instruments, including corporate loans, which are rated in the lower rating categories of the established rating services (BBB or lower by S&P's or Baa or lower by Moody's) or unrated debt instruments, which are in the judgment of the investment adviser of equivalent quality.