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

Advisors Asset Management Inc. lowered its stake in shares of BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) by 12.6% in the third quarter, HoldingsChannel reports. The fund owned 724,097 shares of the financial services provider’s stock after selling 104,410 shares during the quarter. Advisors Asset Management Inc.’s holdings in BlackRock Debt Strategies Fund were worth $7,987,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Creative Planning acquired a new stake in BlackRock Debt Strategies Fund during the 2nd quarter worth approximately $589,000. Shaker Financial Services LLC acquired a new stake in BlackRock Debt Strategies Fund during the 2nd quarter worth approximately $300,000. GraniteShares Advisors LLC increased its position in BlackRock Debt Strategies Fund by 14.3% during the 2nd quarter. GraniteShares Advisors LLC now owns 177,976 shares of the financial services provider’s stock worth $1,929,000 after purchasing an additional 22,199 shares in the last quarter. Moloney Securities Asset Management LLC increased its position in BlackRock Debt Strategies Fund by 37.1% during the 2nd quarter. Moloney Securities Asset Management LLC now owns 79,858 shares of the financial services provider’s stock worth $866,000 after purchasing an additional 21,614 shares in the last quarter. Finally, Worth Asset Management LLC acquired a new stake in BlackRock Debt Strategies Fund during the 3rd quarter worth approximately $151,000. Institutional investors and hedge funds own 24.29% of the company’s stock.

BlackRock Debt Strategies Fund Price Performance

DSU opened at $10.85 on Thursday. The firm has a 50 day moving average price of $10.94 and a 200 day moving average price of $10.91. BlackRock Debt Strategies Fund, Inc. has a 1 year low of $10.10 and a 1 year high of $11.40.

BlackRock Debt Strategies Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $0.0987 per share. This represents a $1.18 dividend on an annualized basis and a yield of 10.92%. The ex-dividend date is Friday, November 15th.

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.