Advisors Asset Management Inc. Decreases Holdings in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU)

Advisors Asset Management Inc. lowered its holdings in shares of BlackRock Debt Strategies Fund, Inc. (NYSE:DSU - Free Report) by 12.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 724,097 shares of the financial services provider's stock after selling 104,410 shares during the quarter. Advisors Asset Management Inc. owned 1.55% of BlackRock Debt Strategies Fund worth $7,987,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Register Financial Advisors LLC bought a new position in BlackRock Debt Strategies Fund in the second quarter worth approximately $68,000. Private Advisor Group LLC acquired a new stake in shares of BlackRock Debt Strategies Fund during the third quarter worth $111,000. SeaCrest Wealth Management LLC lifted its position in BlackRock Debt Strategies Fund by 15.8% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 11,800 shares of the financial services provider's stock worth $130,000 after acquiring an additional 1,608 shares during the period. Worth Asset Management LLC acquired a new stake in shares of BlackRock Debt Strategies Fund during the third quarter worth about $151,000. Finally, Shaker Financial Services LLC purchased a new stake in shares of BlackRock Debt Strategies Fund in the 2nd quarter valued at $300,000. Hedge funds and other institutional investors own 24.29% of the company's stock.

BlackRock Debt Strategies Fund Price Performance

Shares of BlackRock Debt Strategies Fund stock remained flat at $10.83 during trading on Thursday. 43,094 shares of the company traded hands, compared to its average volume of 165,798. BlackRock Debt Strategies Fund, Inc. has a 12-month low of $10.11 and a 12-month high of $11.40. The firm's 50-day simple moving average is $10.94 and its 200-day simple moving average is $10.91.

BlackRock Debt Strategies Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a $0.0987 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.18 annualized dividend and a yield of 10.94%.

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.