Penserra Capital Management LLC Purchases New Stake in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU)

Penserra Capital Management LLC purchased a new stake in shares of BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) in the third quarter, Holdings Channel reports. The firm purchased 460,656 shares of the financial services provider’s stock, valued at approximately $5,081,000.

Several other institutional investors have also recently bought and sold shares of DSU. Register Financial Advisors LLC acquired a new position in shares of BlackRock Debt Strategies Fund during the second quarter valued at about $68,000. Darwin Wealth Management LLC acquired a new position in BlackRock Debt Strategies Fund during the 3rd quarter valued at about $103,000. Private Advisor Group LLC purchased a new stake in shares of BlackRock Debt Strategies Fund in the third quarter worth approximately $111,000. SeaCrest Wealth Management LLC raised its stake in shares of BlackRock Debt Strategies Fund by 15.8% in the third quarter. SeaCrest Wealth Management LLC now owns 11,800 shares of the financial services provider’s stock worth $130,000 after purchasing an additional 1,608 shares during the last quarter. Finally, Worth Asset Management LLC bought a new position in shares of BlackRock Debt Strategies Fund in the third quarter valued at approximately $151,000. Institutional investors and hedge funds own 24.29% of the company’s stock.

BlackRock Debt Strategies Fund Trading Up 0.2 %

Shares of BlackRock Debt Strategies Fund stock opened at $10.85 on Monday. The stock has a fifty day simple moving average of $10.93 and a 200 day simple moving average of $10.91. BlackRock Debt Strategies Fund, Inc. has a 12-month low of $10.11 and a 12-month high of $11.40.

BlackRock Debt Strategies Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a $0.0987 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.18 annualized dividend and a dividend yield of 10.92%.

BlackRock Debt Strategies Fund 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.