BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) Stock Position Boosted by Modern Wealth Management LLC

Modern Wealth Management LLC raised its stake in shares of BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) by 60.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 100,004 shares of the financial services provider’s stock after buying an additional 37,518 shares during the period. Modern Wealth Management LLC’s holdings in BlackRock Debt Strategies Fund were worth $1,074,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. LPL Financial LLC boosted its stake in BlackRock Debt Strategies Fund by 6.9% during the fourth quarter. LPL Financial LLC now owns 520,058 shares of the financial services provider’s stock valued at $5,596,000 after buying an additional 33,639 shares in the last quarter. Elevated Capital Advisors LLC lifted its holdings in BlackRock Debt Strategies Fund by 0.8% in the 4th quarter. Elevated Capital Advisors LLC now owns 444,027 shares of the financial services provider’s stock valued at $4,778,000 after acquiring an additional 3,439 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of BlackRock Debt Strategies Fund during the 4th quarter valued at about $2,635,000. GraniteShares Advisors LLC grew its stake in shares of BlackRock Debt Strategies Fund by 7.9% in the 4th quarter. GraniteShares Advisors LLC now owns 229,305 shares of the financial services provider’s stock worth $2,467,000 after purchasing an additional 16,811 shares during the last quarter. Finally, Whipplewood Advisors LLC bought a new stake in shares of BlackRock Debt Strategies Fund in the 4th quarter worth approximately $1,713,000. 24.29% of the stock is currently owned by institutional investors.

BlackRock Debt Strategies Fund Price Performance

DSU stock opened at $10.53 on Thursday. BlackRock Debt Strategies Fund, Inc. has a 12 month low of $10.11 and a 12 month high of $11.20. The firm has a 50 day simple moving average of $10.66 and a 200 day simple moving average of $10.81.

BlackRock Debt Strategies Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.0987 per share. This represents a $1.18 annualized dividend and a dividend yield of 11.26%. The ex-dividend date of this dividend is Friday, March 14th.

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.