BlackRock Debt Strategies Fund, Inc. (NYSE:DSU - Get Free Report) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $10.22 and traded as high as $10.49. BlackRock Debt Strategies Fund shares last traded at $10.44, with a volume of 167,963 shares traded.
BlackRock Debt Strategies Fund Stock Down 0.0%
The stock has a fifty day moving average price of $10.21 and a 200-day moving average price of $10.58.
BlackRock Debt Strategies Fund Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be issued a dividend of $0.0987 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.18 dividend on an annualized basis and a yield of 11.35%.
Institutional Investors Weigh In On BlackRock Debt Strategies Fund
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cape Investment Advisory Inc. increased its holdings in BlackRock Debt Strategies Fund by 69.7% during the 1st quarter. Cape Investment Advisory Inc. now owns 5,600 shares of the financial services provider's stock valued at $58,000 after purchasing an additional 2,300 shares in the last quarter. NewEdge Advisors LLC increased its holdings in BlackRock Debt Strategies Fund by 7.0% during the 1st quarter. NewEdge Advisors LLC now owns 84,379 shares of the financial services provider's stock valued at $881,000 after purchasing an additional 5,530 shares in the last quarter. Guggenheim Capital LLC increased its holdings in BlackRock Debt Strategies Fund by 15.5% during the 1st quarter. Guggenheim Capital LLC now owns 1,216,991 shares of the financial services provider's stock valued at $12,705,000 after purchasing an additional 163,607 shares in the last quarter. Ethos Financial Group LLC acquired a new stake in BlackRock Debt Strategies Fund during the 1st quarter valued at $933,000. Finally, Virtu Financial LLC acquired a new stake in BlackRock Debt Strategies Fund during the 1st quarter valued at $203,000. 24.29% of the stock is owned by institutional investors and hedge funds.
About BlackRock Debt Strategies Fund
(
Get Free Report)
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.
Featured Articles
Before you consider BlackRock Debt Strategies Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BlackRock Debt Strategies Fund wasn't on the list.
While BlackRock Debt Strategies Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
