Capital Investment Advisors LLC cut its holdings in shares of BlackRock Debt Strategies Fund, Inc. (NYSE:DSU – Free Report) by 2.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 58,702 shares of the financial services provider’s stock after selling 1,283 shares during the quarter. Capital Investment Advisors LLC owned 0.13% of BlackRock Debt Strategies Fund worth $636,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in DSU. Spire Wealth Management raised its stake in shares of BlackRock Debt Strategies Fund by 137.0% during the first quarter. Spire Wealth Management now owns 3,041 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 1,758 shares in the last quarter. Creekmur Asset Management LLC purchased a new position in shares of BlackRock Debt Strategies Fund during the fourth quarter worth approximately $86,000. Aristides Capital LLC purchased a new position in shares of BlackRock Debt Strategies Fund during the fourth quarter worth approximately $151,000. Raymond James & Associates raised its stake in shares of BlackRock Debt Strategies Fund by 14.9% during the fourth quarter. Raymond James & Associates now owns 21,411 shares of the financial services provider’s stock worth $231,000 after acquiring an additional 2,773 shares in the last quarter. Finally, Avantax Advisory Services Inc. purchased a new position in shares of BlackRock Debt Strategies Fund during the fourth quarter worth approximately $263,000. 24.29% of the stock is owned by hedge funds and other institutional investors.
BlackRock Debt Strategies Fund Stock Up 0.7 %
Shares of NYSE DSU opened at $10.91 on Friday. BlackRock Debt Strategies Fund, Inc. has a 52 week low of $9.75 and a 52 week high of $11.40. The firm’s fifty day moving average is $10.90 and its 200 day moving average is $10.95.
BlackRock Debt Strategies Fund Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 15th will be paid a $0.0987 dividend. This represents a $1.18 annualized dividend and a dividend yield of 10.86%. The ex-dividend date of this dividend is Thursday, August 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.
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