Advisors Asset Management Inc. Decreases Stake in BlackRock Debt Strategies Fund, Inc. $DSU

Advisors Asset Management Inc. cut its stake in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) by 13.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 467,718 shares of the financial services provider’s stock after selling 74,904 shares during the period. Advisors Asset Management Inc. owned approximately 0.86% of BlackRock Debt Strategies Fund worth $4,939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of DSU. Guggenheim Capital LLC lifted its position in BlackRock Debt Strategies Fund by 15.5% in the first quarter. Guggenheim Capital LLC now owns 1,216,991 shares of the financial services provider’s stock valued at $12,705,000 after buying an additional 163,607 shares during the last quarter. Invesco Ltd. lifted its stake in 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 purchasing an additional 89,515 shares during the last quarter. 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 purchasing an additional 32,916 shares during the last quarter. GraniteShares Advisors LLC lifted its stake in BlackRock Debt Strategies Fund by 6.7% in the second quarter. GraniteShares Advisors LLC now owns 260,364 shares of the financial services provider’s stock valued at $2,749,000 after buying an additional 16,269 shares during the last quarter. Finally, Smith Asset Management Co. LLC acquired a new position in BlackRock Debt Strategies Fund in the first quarter valued at $1,889,000. 24.29% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Debt Strategies Fund Stock Down 0.2%

DSU opened at $10.28 on Thursday. The business has a 50 day moving average price of $10.36 and a two-hundred day moving average price of $10.47. BlackRock Debt Strategies Fund, Inc. has a 52 week low of $8.72 and a 52 week high of $10.94.

BlackRock Debt Strategies Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be given a $0.0987 dividend. The ex-dividend date is Friday, November 14th. This represents a c) dividend on an annualized basis and a yield of 11.5%.

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.