Sit Investment Associates Inc. Acquires 81,171 Shares of BlackRock Debt Strategies Fund, Inc. (DSU)

Sit Investment Associates Inc. raised its position in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) by 7.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,144,555 shares of the financial services provider’s stock after acquiring an additional 81,171 shares during the period. Sit Investment Associates Inc. owned approximately 1.92% of BlackRock Debt Strategies Fund worth $13,391,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Parametric Portfolio Associates LLC lifted its stake in shares of BlackRock Debt Strategies Fund by 8.1% in the third quarter. Parametric Portfolio Associates LLC now owns 1,495,055 shares of the financial services provider’s stock valued at $17,447,000 after purchasing an additional 112,540 shares during the period. Vident Investment Advisory LLC raised its position in BlackRock Debt Strategies Fund by 9.6% during the third quarter. Vident Investment Advisory LLC now owns 150,064 shares of the financial services provider’s stock worth $1,751,000 after acquiring an additional 13,176 shares during the last quarter. JPMorgan Chase & Co. raised its position in BlackRock Debt Strategies Fund by 1.7% during the third quarter. JPMorgan Chase & Co. now owns 1,446,877 shares of the financial services provider’s stock worth $16,784,000 after acquiring an additional 24,611 shares during the last quarter. Shaker Financial Services LLC raised its position in BlackRock Debt Strategies Fund by 513.2% during the third quarter. Shaker Financial Services LLC now owns 94,129 shares of the financial services provider’s stock worth $1,098,000 after acquiring an additional 78,779 shares during the last quarter. Finally, Park Avenue Securities LLC acquired a new position in BlackRock Debt Strategies Fund during the third quarter worth about $175,000. Hedge funds and other institutional investors own 39.70% of the company’s stock.

BlackRock Debt Strategies Fund, Inc. (DSU) traded down $0.03 during trading on Friday, reaching $11.65. 162,471 shares of the company were exchanged, compared to its average volume of 257,838. BlackRock Debt Strategies Fund, Inc. has a 52-week low of $11.23 and a 52-week high of $11.85.

The firm also recently declared a monthly dividend, which was paid on Tuesday, January 9th. Shareholders of record on Friday, December 29th were given a dividend of $0.0685 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.82 dividend on an annualized basis and a yield of 7.06%.

In other news, major shareholder Saba Capital Management, L.P. sold 47,672 shares of the business’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $11.73, for a total transaction of $559,192.56. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last ninety days, insiders have sold 322,135 shares of company stock worth $3,780,765. 1.00% of the stock is currently owned by corporate insiders.

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BlackRock Debt Strategies Fund Company Profile

BlackRock Debt Strategies Fund, Inc is a diversified, closed-end management investment company. The Fund’s primary investment objective is to provide current income by investing primarily in a diversified portfolio of the United States companies’ debt instruments, including corporate loans, which are rated in the lower rating categories of the established rating services or unrated debt instruments.

Institutional Ownership by Quarter for BlackRock Debt Strategies Fund (NYSE:DSU)

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