Penserra Capital Management LLC Makes New $5.08 Million Investment in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU)

Penserra Capital Management LLC bought a new stake in shares of BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 460,656 shares of the financial services provider’s stock, valued at approximately $5,081,000. Penserra Capital Management LLC owned 0.99% of BlackRock Debt Strategies Fund as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of DSU. Register Financial Advisors LLC acquired a new position in BlackRock Debt Strategies Fund in the second quarter valued at about $68,000. Darwin Wealth Management LLC acquired a new position in shares of BlackRock Debt Strategies Fund in the 3rd quarter valued at approximately $103,000. Private Advisor Group LLC acquired a new position in shares of BlackRock Debt Strategies Fund in the 3rd quarter valued at approximately $111,000. SeaCrest Wealth Management LLC lifted its holdings in shares of 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. Finally, Worth Asset Management LLC acquired a new stake in shares of BlackRock Debt Strategies Fund during the 3rd quarter worth approximately $151,000. 24.29% of the stock is owned by institutional investors and hedge funds.

BlackRock Debt Strategies Fund Stock Performance

Shares of DSU opened at $10.85 on Monday. The firm has a 50 day simple moving average of $10.93 and a two-hundred day simple moving average of $10.91. BlackRock Debt Strategies Fund, Inc. has a one year low of $10.11 and a one year high of $11.40.

BlackRock Debt Strategies Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.0987 per share. The ex-dividend date is Friday, November 15th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 10.92%.

BlackRock Debt Strategies Fund 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.