BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. reduced its position in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) by 12.6% during the 3rd quarter, according to its most recent filing with the SEC. 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 about 1.55% of BlackRock Debt Strategies Fund worth $7,987,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Register Financial Advisors LLC purchased a new stake in shares of BlackRock Debt Strategies Fund during the 2nd quarter worth $68,000. Private Advisor Group LLC purchased a new stake in shares of BlackRock Debt Strategies Fund during the 3rd quarter worth $111,000. SeaCrest Wealth Management LLC boosted its position 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 purchasing an additional 1,608 shares in the last quarter. Worth Asset Management LLC purchased a new stake in shares of BlackRock Debt Strategies Fund during the 3rd quarter worth $151,000. Finally, Shaker Financial Services LLC purchased a new stake in shares of BlackRock Debt Strategies Fund during the 2nd quarter worth $300,000. 24.29% of the stock is owned by institutional investors and hedge funds.

BlackRock Debt Strategies Fund Trading Up 0.2 %

BlackRock Debt Strategies Fund stock opened at $10.85 on Thursday. BlackRock Debt Strategies Fund, Inc. has a 52 week low of $10.10 and a 52 week 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 Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.0987 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.18 dividend on an annualized basis and a 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.