Raymond James & Associates Has $191,000 Stock Holdings in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU)

Raymond James & Associates cut its position in shares of BlackRock Debt Strategies Fund, Inc. (NYSE:DSUFree Report) by 64.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,638 shares of the financial services provider’s stock after selling 33,209 shares during the quarter. Raymond James & Associates’ holdings in BlackRock Debt Strategies Fund were worth $191,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the company. McIlrath & Eck LLC acquired a new position in BlackRock Debt Strategies Fund during the 4th quarter valued at about $27,000. Advisory Services Network LLC lifted its position in BlackRock Debt Strategies Fund by 346.3% during the 1st quarter. Advisory Services Network LLC now owns 7,137 shares of the financial services provider’s stock worth $68,000 after buying an additional 5,538 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in BlackRock Debt Strategies Fund during the first quarter valued at approximately $77,000. Virtu Financial LLC bought a new stake in BlackRock Debt Strategies Fund during the fourth quarter worth $94,000. Finally, Money Concepts Capital Corp acquired a new stake in BlackRock Debt Strategies Fund in the 4th quarter valued at about $109,000. Institutional investors own 27.58% of the company’s stock.

BlackRock Debt Strategies Fund Price Performance

Shares of DSU opened at $11.25 on Thursday. The company’s 50-day moving average is $10.76 and its 200-day moving average is $10.34. BlackRock Debt Strategies Fund, Inc. has a fifty-two week low of $9.20 and a fifty-two week high of $11.25.

BlackRock Debt Strategies Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, February 29th. Investors of record on Thursday, February 15th will be paid a $0.0987 dividend. This represents a $1.18 annualized dividend and a dividend yield of 10.53%. The ex-dividend date is Wednesday, February 14th.

BlackRock Debt Strategies Fund Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for BlackRock Debt Strategies Fund (NYSE:DSU)

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