Moloney Securities Asset Management LLC Invests $117,000 in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU)

Moloney Securities Asset Management LLC bought a new stake in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) in the first quarter, HoldingsChannel reports. The institutional investor bought 12,315 shares of the financial services provider’s stock, valued at approximately $117,000.

A number of other hedge funds have also made changes to their positions in DSU. McIlrath & Eck LLC purchased a new position in shares of BlackRock Debt Strategies Fund in the fourth quarter valued at $27,000. IFP Advisors Inc grew its holdings in shares of BlackRock Debt Strategies Fund by 734.7% during the 4th quarter. IFP Advisors Inc now owns 4,215 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 3,710 shares during the period. Elequin Securities LLC purchased a new stake in shares of BlackRock Debt Strategies Fund during the 4th quarter worth about $60,000. GPS Wealth Strategies Group LLC purchased a new stake in shares of BlackRock Debt Strategies Fund during the 1st quarter worth about $81,000. Finally, Virtu Financial LLC purchased a new position in BlackRock Debt Strategies Fund in the 4th quarter worth approximately $94,000. Hedge funds and other institutional investors own 27.58% of the company’s stock.

BlackRock Debt Strategies Fund Trading Up 0.2 %

BlackRock Debt Strategies Fund stock opened at $10.23 on Friday. The stock has a 50 day moving average of $9.96 and a 200-day moving average of $9.71. BlackRock Debt Strategies Fund, Inc. has a 52 week low of $8.77 and a 52 week high of $10.27.

BlackRock Debt Strategies Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, August 31st. Investors of record on Tuesday, August 15th were given a dividend of $0.0911 per share. This represents a $1.09 annualized dividend and a dividend yield of 10.69%. The ex-dividend date of this dividend was Monday, August 14th.

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.