KFA Private Wealth Group LLC Has $336,000 Stock Position in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU)

KFA Private Wealth Group LLC lowered its stake in shares of BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) by 65.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 31,112 shares of the financial services provider’s stock after selling 60,168 shares during the quarter. KFA Private Wealth Group LLC’s holdings in BlackRock Debt Strategies Fund were worth $336,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DSU. Oliver Lagore Vanvalin Investment Group increased its holdings in shares of BlackRock Debt Strategies Fund by 50.0% during the 3rd quarter. Oliver Lagore Vanvalin Investment Group now owns 3,000 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 1,000 shares during the last quarter. SeaCrest Wealth Management LLC lifted its position in shares of BlackRock Debt Strategies Fund by 13.3% during the 4th quarter. SeaCrest Wealth Management LLC now owns 14,847 shares of the financial services provider’s stock valued at $159,000 after acquiring an additional 1,741 shares during the period. Kestra Advisory Services LLC lifted its position in shares of BlackRock Debt Strategies Fund by 7.9% during the 3rd quarter. Kestra Advisory Services LLC now owns 19,253 shares of the financial services provider’s stock valued at $198,000 after acquiring an additional 1,410 shares during the period. Raymond James & Associates lifted its position in shares of BlackRock Debt Strategies Fund by 14.9% during the 4th quarter. Raymond James & Associates now owns 21,411 shares of the financial services provider’s stock worth $231,000 after buying an additional 2,773 shares during the last quarter. Finally, Sowell Financial Services LLC lifted its position in shares of BlackRock Debt Strategies Fund by 3.5% during the 4th quarter. Sowell Financial Services LLC now owns 40,911 shares of the financial services provider’s stock worth $441,000 after buying an additional 1,400 shares during the last quarter. Institutional investors own 24.29% of the company’s stock.

BlackRock Debt Strategies Fund Price Performance

DSU traded up $0.06 on Friday, reaching $10.71. The stock had a trading volume of 118,427 shares, compared to its average volume of 154,946. BlackRock Debt Strategies Fund, Inc. has a fifty-two week low of $9.22 and a fifty-two week high of $11.40. The firm has a 50-day moving average of $10.96 and a 200-day moving average of $10.67.

BlackRock Debt Strategies Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be paid a dividend of $0.0987 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $1.18 annualized dividend and a yield of 11.07%.

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.