Thurston Springer Miller Herd & Titak Inc. Makes New Investment in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU)

Thurston Springer Miller Herd & Titak Inc. bought a new stake in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 17,999 shares of the financial services provider’s stock, valued at approximately $194,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Matrix Private Capital Group LLC increased its holdings in BlackRock Debt Strategies Fund by 8.2% during the 2nd quarter. Matrix Private Capital Group LLC now owns 109,322 shares of the financial services provider’s stock valued at $1,185,000 after purchasing an additional 8,318 shares in the last quarter. Creative Planning bought a new position in shares of BlackRock Debt Strategies Fund in the second quarter valued at about $589,000. Atomi Financial Group Inc. raised its holdings in shares of BlackRock Debt Strategies Fund by 13.5% in the third quarter. Atomi Financial Group Inc. now owns 38,036 shares of the financial services provider’s stock valued at $420,000 after buying an additional 4,521 shares during the last quarter. Strategic Wealth Partners Ltd. lifted its position in BlackRock Debt Strategies Fund by 4.7% during the 3rd quarter. Strategic Wealth Partners Ltd. now owns 159,611 shares of the financial services provider’s stock worth $1,761,000 after buying an additional 7,200 shares in the last quarter. Finally, Worth Asset Management LLC bought a new stake in BlackRock Debt Strategies Fund during the 3rd quarter worth about $151,000. 24.29% of the stock is owned by institutional investors and hedge funds.

BlackRock Debt Strategies Fund Stock Down 0.7 %

Shares of NYSE DSU opened at $10.69 on Friday. BlackRock Debt Strategies Fund, Inc. has a 1-year low of $10.11 and a 1-year high of $11.40. The company has a 50-day moving average of $10.82 and a two-hundred day moving average of $10.88.

BlackRock Debt Strategies Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a $0.0987 dividend. This represents a $1.18 annualized dividend and a yield of 11.09%. The ex-dividend date of this dividend is Wednesday, January 15th.

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.