BlackRock Debt Strategies Fund, Inc. $DSU Shares Sold by Greenup Street Wealth Management LLC

Greenup Street Wealth Management LLC reduced its holdings in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) by 97.5% during the 3rd quarter, Holdings Channel reports. The firm owned 10,049 shares of the financial services provider’s stock after selling 386,130 shares during the quarter. Greenup Street Wealth Management LLC’s holdings in BlackRock Debt Strategies Fund were worth $90,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Elevated Capital Advisors LLC raised its stake in shares of BlackRock Debt Strategies Fund by 11.8% during the 1st quarter. Elevated Capital Advisors LLC now owns 455,494 shares of the financial services provider’s stock worth $4,368,000 after buying an additional 48,214 shares during the period. Bank of America Corp DE lifted its position in shares of BlackRock Debt Strategies Fund by 8.8% during the 1st quarter. Bank of America Corp DE now owns 507,223 shares of the financial services provider’s stock valued at $4,864,000 after buying an additional 41,216 shares in the last quarter. Shaker Financial Services LLC acquired a new stake in BlackRock Debt Strategies Fund in the 3rd quarter valued at $199,000. RFG Advisory LLC acquired a new stake in BlackRock Debt Strategies Fund in the 2nd quarter valued at $180,000. Finally, Fifth Third Bancorp acquired a new stake in BlackRock Debt Strategies Fund in the 1st quarter valued at $147,000. 24.29% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock Debt Strategies Fund Price Performance

Shares of NYSE DSU opened at $8.64 on Friday. The firm has a fifty day moving average of $9.01 and a 200 day moving average of $9.59. BlackRock Debt Strategies Fund, Inc. has a one year low of $8.42 and a one year high of $10.40.

BlackRock Debt Strategies Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be issued a dividend of $0.0987 per share. The ex-dividend date of this dividend is Friday, December 11th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 13.7%.

BlackRock Debt Strategies Fund Profile

BlackRock Debt Strategies Fund, Inc is a closed-end investment company listed on the New York Stock Exchange under the symbol DSU. The fund is managed by BlackRock Advisors, LLC, an indirect subsidiary of BlackRock, Inc, and is designed to provide investors with exposure to the leveraged loan and below-investment-grade debt markets.

The fund seeks to generate a high level of current income, with capital appreciation as a secondary objective. It invests primarily in senior secured floating-rate loans and other debt obligations issued by companies, including securities rated below investment grade or considered comparable to such securities.