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

Everstar Asset Management LLC reduced its position in shares of BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) by 2.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 35,974 shares of the financial services provider’s stock after selling 1,026 shares during the quarter. Everstar Asset Management LLC’s holdings in BlackRock Debt Strategies Fund were worth $387,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DSU. Ameritas Advisory Services LLC acquired a new position in shares of BlackRock Debt Strategies Fund in the 4th quarter worth approximately $109,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in BlackRock Debt Strategies Fund during the fourth quarter worth approximately $116,000. Monterey Private Wealth Inc. acquired a new position in BlackRock Debt Strategies Fund in the fourth quarter worth approximately $161,000. Kingswood Wealth Advisors LLC bought a new position in shares of BlackRock Debt Strategies Fund in the fourth quarter valued at $165,000. Finally, SeaCrest Wealth Management LLC lifted its position in shares of BlackRock Debt Strategies Fund by 30.5% during the 4th quarter. SeaCrest Wealth Management LLC now owns 15,399 shares of the financial services provider’s stock valued at $166,000 after acquiring an additional 3,599 shares during the last quarter. 24.29% of the stock is currently owned by institutional investors.

BlackRock Debt Strategies Fund Stock Performance

Shares of NYSE DSU opened at $10.50 on Monday. The stock’s fifty day simple moving average is $10.65 and its 200 day simple moving average is $10.80. BlackRock Debt Strategies Fund, Inc. has a 52-week low of $10.11 and a 52-week high of $11.19.

BlackRock Debt Strategies Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.0987 dividend. This represents a $1.18 annualized dividend and a dividend yield of 11.28%. The ex-dividend date is Friday, March 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.