BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. decreased its position in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) by 11.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,219 shares of the financial services provider’s stock after selling 1,823 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in BlackRock Debt Strategies Fund were worth $148,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Strategic Wealth Partners Ltd. raised its position in BlackRock Debt Strategies Fund by 0.9% during the fourth quarter. Strategic Wealth Partners Ltd. now owns 161,011 shares of the financial services provider’s stock valued at $1,737,000 after buying an additional 1,400 shares during the period. Avantax Advisory Services Inc. increased its position in BlackRock Debt Strategies Fund by 4.7% in the 4th quarter. Avantax Advisory Services Inc. now owns 34,008 shares of the financial services provider’s stock worth $366,000 after purchasing an additional 1,513 shares during the last quarter. NewEdge Advisors LLC increased its position in BlackRock Debt Strategies Fund by 2.6% in the 4th quarter. NewEdge Advisors LLC now owns 78,849 shares of the financial services provider’s stock worth $848,000 after purchasing an additional 1,981 shares during the last quarter. Advisory Services Network LLC increased its position in BlackRock Debt Strategies Fund by 24.4% in the 4th quarter. Advisory Services Network LLC now owns 25,500 shares of the financial services provider’s stock worth $274,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Register Financial Advisors LLC increased its position in BlackRock Debt Strategies Fund by 19.8% in the 1st quarter. Register Financial Advisors LLC now owns 31,560 shares of the financial services provider’s stock worth $329,000 after purchasing an additional 5,220 shares during the last quarter. Institutional investors and hedge funds own 24.29% of the company’s stock.

BlackRock Debt Strategies Fund Trading Up 0.0%

DSU opened at $10.61 on Tuesday. The stock has a 50-day moving average of $10.48 and a 200-day moving average of $10.48. BlackRock Debt Strategies Fund, Inc. has a 52-week low of $8.72 and a 52-week high of $11.19.

BlackRock Debt Strategies Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be issued a $0.0987 dividend. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 11.16%.

BlackRock Debt Strategies Fund Profile

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.