PNC Financial Services Group Inc. Purchases 16,435 Shares of BlackRock Debt Strategies Fund, Inc. (NYSE:DSU)

PNC Financial Services Group Inc. grew its stake in shares of BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) by 63.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,465 shares of the financial services provider’s stock after buying an additional 16,435 shares during the period. PNC Financial Services Group Inc. owned approximately 0.08% of BlackRock Debt Strategies Fund worth $443,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DSU. Ameriprise Financial Inc. lifted its holdings in shares of BlackRock Debt Strategies Fund by 17.5% during the 4th quarter. Ameriprise Financial Inc. now owns 248,135 shares of the financial services provider’s stock valued at $2,670,000 after purchasing an additional 36,960 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of BlackRock Debt Strategies Fund by 4.6% during the 4th quarter. Bank of America Corp DE now owns 331,786 shares of the financial services provider’s stock worth $3,570,000 after acquiring an additional 14,679 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of BlackRock Debt Strategies Fund during the 4th quarter worth approximately $2,635,000. Armis Advisers LLC acquired a new position in shares of BlackRock Debt Strategies Fund during the 4th quarter worth approximately $683,000. Finally, Wells Fargo & Company MN increased its holdings in shares of BlackRock Debt Strategies Fund by 7.7% during the 4th quarter. Wells Fargo & Company MN now owns 276,362 shares of the financial services provider’s stock worth $2,974,000 after acquiring an additional 19,737 shares during the last quarter. Institutional investors own 24.29% of the company’s stock.

BlackRock Debt Strategies Fund Price Performance

DSU stock opened at $10.58 on Friday. BlackRock Debt Strategies Fund, Inc. has a 1-year low of $8.72 and a 1-year high of $11.19. The business’s 50 day simple moving average is $10.53 and its 200 day simple moving average is $10.45.

BlackRock Debt Strategies Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be given a dividend of $0.0987 per share. This represents a c) dividend on an annualized basis and a dividend yield of 11.2%. The ex-dividend date is Friday, August 15th.

BlackRock Debt Strategies Fund Company 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.