Sowell Financial Services LLC Decreases Stake in BlackRock Debt Strategies Fund, Inc. $DSU

Sowell Financial Services LLC lessened its stake in shares of BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) by 24.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 20,411 shares of the financial services provider’s stock after selling 6,600 shares during the period. Sowell Financial Services LLC’s holdings in BlackRock Debt Strategies Fund were worth $216,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Smith Asset Management Co. LLC acquired a new stake in shares of BlackRock Debt Strategies Fund during the first quarter worth $1,889,000. Guggenheim Capital LLC raised its stake in BlackRock Debt Strategies Fund by 15.5% in the 1st quarter. Guggenheim Capital LLC now owns 1,216,991 shares of the financial services provider’s stock worth $12,705,000 after acquiring an additional 163,607 shares during the last quarter. Invesco Ltd. raised its stake in BlackRock Debt Strategies Fund by 15.9% in the 1st quarter. Invesco Ltd. now owns 651,266 shares of the financial services provider’s stock worth $6,799,000 after acquiring an additional 89,515 shares during the last quarter. Ethos Financial Group LLC acquired a new stake in BlackRock Debt Strategies Fund during the 1st quarter worth about $933,000. Finally, LPL Financial LLC grew its stake in BlackRock Debt Strategies Fund by 6.3% during the 1st quarter. LPL Financial LLC now owns 552,974 shares of the financial services provider’s stock valued at $5,773,000 after purchasing an additional 32,916 shares during the last quarter. Institutional investors and hedge funds own 24.29% of the company’s stock.

BlackRock Debt Strategies Fund Price Performance

Shares of DSU stock opened at $10.50 on Friday. BlackRock Debt Strategies Fund, Inc. has a fifty-two week low of $8.72 and a fifty-two week high of $11.19. The stock’s 50-day simple moving average is $10.55 and its 200-day simple moving average is $10.42.

BlackRock Debt Strategies Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.0987 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a c) dividend on an annualized basis and a yield of 11.3%.

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.