Shaker Financial Services LLC Buys Shares of 27,654 BlackRock Debt Strategies Fund, Inc. (NYSE:DSU)

Shaker Financial Services LLC purchased a new position in shares of BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 27,654 shares of the financial services provider’s stock, valued at approximately $300,000. Shaker Financial Services LLC owned about 0.06% of BlackRock Debt Strategies Fund at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in BlackRock Debt Strategies Fund during the 4th quarter worth approximately $792,000. Truist Financial Corp grew its stake in shares of BlackRock Debt Strategies Fund by 74.6% in the fourth quarter. Truist Financial Corp now owns 75,738 shares of the financial services provider’s stock worth $817,000 after purchasing an additional 32,354 shares during the last quarter. Avantax Advisory Services Inc. acquired a new stake in BlackRock Debt Strategies Fund in the fourth quarter valued at $263,000. GraniteShares Advisors LLC raised its position in BlackRock Debt Strategies Fund by 14.3% during the 2nd quarter. GraniteShares Advisors LLC now owns 177,976 shares of the financial services provider’s stock worth $1,929,000 after purchasing an additional 22,199 shares during the last quarter. Finally, Moloney Securities Asset Management LLC lifted its holdings in BlackRock Debt Strategies Fund by 37.1% during the 2nd quarter. Moloney Securities Asset Management LLC now owns 79,858 shares of the financial services provider’s stock worth $866,000 after buying an additional 21,614 shares during the period. Institutional investors and hedge funds own 24.29% of the company’s stock.

BlackRock Debt Strategies Fund Trading Up 1.0 %

NYSE DSU opened at $10.94 on Friday. BlackRock Debt Strategies Fund, Inc. has a 12 month low of $9.75 and a 12 month high of $11.40. The business’s 50-day moving average price is $10.87 and its two-hundred day moving average price is $10.91.

BlackRock Debt Strategies Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a $0.0987 dividend. This represents a $1.18 annualized dividend and a yield of 10.83%. The ex-dividend date of this dividend is Monday, September 16th.

BlackRock Debt Strategies Fund Company Profile

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.