Truist Financial Corp Sells 20,301 Shares of BlackRock Debt Strategies Fund, Inc. $DSU

Truist Financial Corp cut its position in shares of BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) by 25.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 60,617 shares of the financial services provider’s stock after selling 20,301 shares during the quarter. Truist Financial Corp owned 0.11% of BlackRock Debt Strategies Fund worth $640,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. LPL Financial LLC grew its holdings in shares of BlackRock Debt Strategies Fund by 6.3% during the first quarter. LPL Financial LLC now owns 552,974 shares of the financial services provider’s stock worth $5,773,000 after buying an additional 32,916 shares in the last quarter. Guggenheim Capital LLC grew its holdings in shares of BlackRock Debt Strategies Fund by 15.5% during the first quarter. Guggenheim Capital LLC now owns 1,216,991 shares of the financial services provider’s stock worth $12,705,000 after buying an additional 163,607 shares in the last quarter. Ethos Financial Group LLC bought a new position in shares of BlackRock Debt Strategies Fund during the first quarter worth about $933,000. Smith Asset Management Co. LLC bought a new position in shares of BlackRock Debt Strategies Fund during the first quarter worth about $1,889,000. Finally, Invesco Ltd. grew its holdings in shares of BlackRock Debt Strategies Fund by 15.9% during the first quarter. Invesco Ltd. now owns 651,266 shares of the financial services provider’s stock worth $6,799,000 after buying an additional 89,515 shares in the last quarter. 24.29% of the stock is currently owned by institutional investors.

BlackRock Debt Strategies Fund Stock Performance

DSU stock opened at $10.37 on Wednesday. The business has a 50 day moving average price of $10.54 and a two-hundred day moving average price of $10.42. BlackRock Debt Strategies Fund, Inc. has a twelve month low of $8.72 and a twelve month high of $11.05.

BlackRock Debt Strategies Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be paid a $0.0987 dividend. This represents a c) dividend on an annualized basis and a yield of 11.4%. The ex-dividend date is Wednesday, October 15th.

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.