KFA Private Wealth Group LLC Sells 2,093 Shares of BlackRock Debt Strategies Fund, Inc. (NYSE:DSU)

KFA Private Wealth Group LLC trimmed its position in shares of BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) by 9.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,810 shares of the financial services provider’s stock after selling 2,093 shares during the period. KFA Private Wealth Group LLC’s holdings in BlackRock Debt Strategies Fund were worth $224,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in DSU. Darwin Wealth Management LLC bought a new position in BlackRock Debt Strategies Fund during the 3rd quarter valued at about $103,000. Ameritas Advisory Services LLC bought a new position in BlackRock Debt Strategies Fund in the 4th quarter worth about $109,000. Private Advisor Group LLC bought a new position in BlackRock Debt Strategies Fund in the 3rd quarter worth about $111,000. SeaCrest Wealth Management LLC grew its stake in BlackRock Debt Strategies Fund by 15.8% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 11,800 shares of the financial services provider’s stock worth $130,000 after acquiring an additional 1,608 shares in the last quarter. Finally, Worth Asset Management LLC bought a new position in BlackRock Debt Strategies Fund in the 3rd quarter worth about $151,000. 24.29% of the stock is currently owned by institutional investors.

BlackRock Debt Strategies Fund Stock Performance

Shares of DSU stock opened at $10.73 on Tuesday. The company’s 50-day simple moving average is $10.80 and its two-hundred day simple moving average is $10.87. BlackRock Debt Strategies Fund, Inc. has a one year low of $10.11 and a one year high of $11.40.

BlackRock Debt Strategies Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a $0.0987 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $1.18 dividend on an annualized basis and a yield of 11.05%.

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.