International Assets Investment Management LLC Invests $792,000 in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU)

International Assets Investment Management LLC bought a new stake in shares of BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 73,435 shares of the financial services provider’s stock, valued at approximately $792,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Oliver Lagore Vanvalin Investment Group boosted its position in shares of BlackRock Debt Strategies Fund by 50.0% during the 3rd quarter. Oliver Lagore Vanvalin Investment Group now owns 3,000 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 1,000 shares in the last quarter. SeaCrest Wealth Management LLC increased its stake in BlackRock Debt Strategies Fund by 13.3% during the 4th quarter. SeaCrest Wealth Management LLC now owns 14,847 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 1,741 shares in the last quarter. Kestra Advisory Services LLC increased its position in shares of BlackRock Debt Strategies Fund by 7.9% during the third quarter. Kestra Advisory Services LLC now owns 19,253 shares of the financial services provider’s stock worth $198,000 after acquiring an additional 1,410 shares in the last quarter. Raymond James & Associates lifted its position in BlackRock Debt Strategies Fund by 14.9% in the 4th quarter. Raymond James & Associates now owns 21,411 shares of the financial services provider’s stock valued at $231,000 after acquiring an additional 2,773 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of BlackRock Debt Strategies Fund by 41.8% in the third quarter. Commonwealth Equity Services LLC now owns 47,857 shares of the financial services provider’s stock valued at $492,000 after purchasing an additional 14,102 shares in the last quarter. Institutional investors own 24.29% of the company’s stock.

BlackRock Debt Strategies Fund Stock Performance

Shares of NYSE:DSU opened at $10.70 on Wednesday. BlackRock Debt Strategies Fund, Inc. has a 1-year low of $9.22 and a 1-year high of $11.40. The stock’s fifty day simple moving average is $10.99 and its two-hundred day simple moving average is $10.67.

BlackRock Debt Strategies Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be given a dividend of $0.0987 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 11.07%. The ex-dividend date of this dividend is Friday, April 12th.

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.