Jackson Hole Capital Partners LLC Increases Stock Holdings in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU)

Jackson Hole Capital Partners LLC lifted its stake in shares of BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) by 113.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 31,105 shares of the financial services provider’s stock after buying an additional 16,525 shares during the quarter. Jackson Hole Capital Partners LLC’s holdings in BlackRock Debt Strategies Fund were worth $335,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of DSU. Darwin Wealth Management LLC purchased a new stake in BlackRock Debt Strategies Fund during the 3rd quarter worth approximately $103,000. Ameritas Advisory Services LLC purchased a new stake in BlackRock Debt Strategies Fund during the 4th quarter worth approximately $109,000. Private Advisor Group LLC purchased a new stake in BlackRock Debt Strategies Fund during the 3rd quarter worth approximately $111,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in BlackRock Debt Strategies Fund during the 4th quarter worth approximately $116,000. Finally, Monterey Private Wealth Inc. purchased a new stake in BlackRock Debt Strategies Fund during the 4th quarter worth approximately $161,000. 24.29% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock Debt Strategies Fund Stock Performance

DSU stock opened at $10.62 on Friday. BlackRock Debt Strategies Fund, Inc. has a 52-week low of $10.11 and a 52-week high of $11.40. The stock’s 50 day moving average is $10.73 and its two-hundred day moving average is $10.84.

BlackRock Debt Strategies Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.0987 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.18 annualized dividend and a dividend yield of 11.16%.

About BlackRock Debt Strategies Fund

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.