BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) Shares Sold by Elevated Capital Advisors LLC

Elevated Capital Advisors LLC lowered its stake in shares of BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) by 0.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 440,588 shares of the financial services provider’s stock after selling 3,230 shares during the quarter. BlackRock Debt Strategies Fund comprises approximately 1.3% of Elevated Capital Advisors LLC’s investment portfolio, making the stock its 16th largest holding. Elevated Capital Advisors LLC owned about 0.95% of BlackRock Debt Strategies Fund worth $4,860,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Register Financial Advisors LLC acquired a new stake in BlackRock Debt Strategies Fund during the 2nd quarter worth about $68,000. Private Advisor Group LLC acquired a new stake in shares of BlackRock Debt Strategies Fund during the third quarter worth about $111,000. SeaCrest Wealth Management LLC boosted its position in BlackRock Debt Strategies Fund by 15.8% in the third quarter. SeaCrest Wealth Management LLC now owns 11,800 shares of the financial services provider’s stock valued at $130,000 after buying an additional 1,608 shares during the last quarter. Worth Asset Management LLC acquired a new position in BlackRock Debt Strategies Fund in the 3rd quarter worth approximately $151,000. Finally, Shaker Financial Services LLC purchased a new position in BlackRock Debt Strategies Fund during the 2nd quarter worth approximately $300,000. 24.29% of the stock is owned by hedge funds and other institutional investors.

BlackRock Debt Strategies Fund Stock Performance

Shares of NYSE DSU opened at $10.82 on Wednesday. The company has a 50 day simple moving average of $10.93 and a two-hundred day simple moving average of $10.89. BlackRock Debt Strategies Fund, Inc. has a 12 month low of $9.75 and a 12 month high of $11.40.

BlackRock Debt Strategies Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be given a dividend of $0.0987 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $1.18 dividend on an annualized basis and a yield of 10.95%.

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.