Monterey Private Wealth Inc. Buys New Position in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU)

Monterey Private Wealth Inc. bought a new stake in shares of BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,918 shares of the financial services provider’s stock, valued at approximately $161,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC acquired a new stake in BlackRock Debt Strategies Fund during the 4th quarter worth about $109,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in BlackRock Debt Strategies Fund during the fourth quarter worth approximately $194,000. SeaCrest Wealth Management LLC increased its holdings in BlackRock Debt Strategies Fund by 30.5% in the fourth quarter. SeaCrest Wealth Management LLC now owns 15,399 shares of the financial services provider’s stock worth $166,000 after purchasing an additional 3,599 shares in the last quarter. Elevated Capital Advisors LLC lifted its stake in BlackRock Debt Strategies Fund by 0.8% in the fourth quarter. Elevated Capital Advisors LLC now owns 444,027 shares of the financial services provider’s stock valued at $4,778,000 after buying an additional 3,439 shares during the period. Finally, Jane Street Group LLC acquired a new position in BlackRock Debt Strategies Fund in the third quarter valued at approximately $170,000. Institutional investors own 24.29% of the company’s stock.

BlackRock Debt Strategies Fund Stock Down 0.1 %

Shares of DSU stock opened at $10.68 on Tuesday. The firm has a 50 day moving average of $10.81 and a 200-day moving average of $10.88. BlackRock Debt Strategies Fund, Inc. has a 52 week low of $10.11 and a 52 week high of $11.40.

BlackRock Debt Strategies Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be issued a $0.0987 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 11.10%. The ex-dividend date of this dividend is Wednesday, January 15th.

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.