BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. reduced its position in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) by 15.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 609,756 shares of the financial services provider’s stock after selling 114,341 shares during the quarter. Advisors Asset Management Inc.’s holdings in BlackRock Debt Strategies Fund were worth $6,561,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DSU. Avantax Advisory Services Inc. grew its holdings in shares of BlackRock Debt Strategies Fund by 4.7% during the fourth quarter. Avantax Advisory Services Inc. now owns 34,008 shares of the financial services provider’s stock worth $366,000 after buying an additional 1,513 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in BlackRock Debt Strategies Fund by 3.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 52,254 shares of the financial services provider’s stock valued at $562,000 after acquiring an additional 1,802 shares in the last quarter. Elevated Capital Advisors LLC raised its holdings in BlackRock Debt Strategies Fund by 0.8% in the 4th quarter. Elevated Capital Advisors LLC now owns 444,027 shares of the financial services provider’s stock valued at $4,778,000 after acquiring an additional 3,439 shares during the last quarter. Atomi Financial Group Inc. grew its position in shares of BlackRock Debt Strategies Fund by 9.3% in the fourth quarter. Atomi Financial Group Inc. now owns 41,585 shares of the financial services provider’s stock valued at $447,000 after purchasing an additional 3,549 shares in the last quarter. Finally, SeaCrest Wealth Management LLC increased its holdings in shares of BlackRock Debt Strategies Fund by 30.5% in the fourth quarter. SeaCrest Wealth Management LLC now owns 15,399 shares of the financial services provider’s stock valued at $166,000 after purchasing an additional 3,599 shares during the last quarter. Hedge funds and other institutional investors own 24.29% of the company’s stock.

BlackRock Debt Strategies Fund Stock Performance

Shares of NYSE:DSU opened at $10.44 on Wednesday. BlackRock Debt Strategies Fund, Inc. has a 52-week low of $10.11 and a 52-week high of $11.20. The business has a fifty day moving average of $10.69 and a two-hundred day moving average of $10.82.

BlackRock Debt Strategies Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.0987 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 11.35%. The ex-dividend date is Friday, March 14th.

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.