BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. trimmed its holdings in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) by 15.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 609,756 shares of the financial services provider’s stock after selling 114,341 shares during the quarter. Advisors Asset Management Inc.’s holdings in BlackRock Debt Strategies Fund were worth $6,561,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DSU. Penserra Capital Management LLC purchased a new stake in shares of BlackRock Debt Strategies Fund in the third quarter worth about $5,081,000. Elevated Capital Advisors LLC boosted its position in BlackRock Debt Strategies Fund by 0.8% in the 4th quarter. Elevated Capital Advisors LLC now owns 444,027 shares of the financial services provider’s stock worth $4,778,000 after purchasing an additional 3,439 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in BlackRock Debt Strategies Fund in the 4th quarter worth approximately $2,635,000. GraniteShares Advisors LLC grew its stake in shares of BlackRock Debt Strategies Fund by 7.9% during the 4th quarter. GraniteShares Advisors LLC now owns 229,305 shares of the financial services provider’s stock worth $2,467,000 after purchasing an additional 16,811 shares during the period. Finally, Whipplewood Advisors LLC purchased a new position in shares of BlackRock Debt Strategies Fund during the 4th quarter valued at approximately $1,713,000. 24.29% of the stock is owned by institutional investors and hedge funds.

BlackRock Debt Strategies Fund Trading Down 0.1 %

Shares of BlackRock Debt Strategies Fund stock opened at $10.44 on Wednesday. The firm has a 50-day simple moving average of $10.69 and a two-hundred day simple moving average of $10.82. BlackRock Debt Strategies Fund, Inc. has a fifty-two week low of $10.11 and a fifty-two week high of $11.20.

BlackRock Debt Strategies Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.0987 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.18 dividend on an annualized basis and a yield of 11.35%.

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.