BlackRock Debt Strategies Fund (NYSE:DSU) Share Price Passes Above Fifty Day Moving Average - Should You Sell?

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU - Get Free Report) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $10.33 and traded as high as $10.47. BlackRock Debt Strategies Fund shares last traded at $10.46, with a volume of 183,142 shares.

BlackRock Debt Strategies Fund Stock Up 1.0%

The business has a 50 day moving average price of $10.33 and a 200 day moving average price of $10.51.

BlackRock Debt Strategies Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.0987 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.18 annualized dividend and a dividend yield of 11.33%.

Institutional Investors Weigh In On BlackRock Debt Strategies Fund

Several institutional investors have recently modified their holdings of the business. Ameritas Advisory Services LLC boosted its position in shares of BlackRock Debt Strategies Fund by 9.9% during the first quarter. Ameritas Advisory Services LLC now owns 11,127 shares of the financial services provider's stock valued at $119,000 after buying an additional 1,000 shares during the last quarter. Strategic Wealth Partners Ltd. boosted its position in shares of BlackRock Debt Strategies Fund by 0.9% during the fourth quarter. Strategic Wealth Partners Ltd. now owns 161,011 shares of the financial services provider's stock valued at $1,737,000 after buying an additional 1,400 shares during the last quarter. Avantax Advisory Services Inc. boosted its position in shares of BlackRock Debt Strategies Fund by 4.7% during the fourth quarter. Avantax Advisory Services Inc. now owns 34,008 shares of the financial services provider's stock valued at $366,000 after buying an additional 1,513 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of BlackRock Debt Strategies Fund by 2.8% during the first quarter. Envestnet Asset Management Inc. now owns 60,075 shares of the financial services provider's stock valued at $627,000 after buying an additional 1,624 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of BlackRock Debt Strategies Fund by 2.6% during the fourth quarter. NewEdge Advisors LLC now owns 78,849 shares of the financial services provider's stock valued at $848,000 after buying an additional 1,981 shares during the last quarter. 24.29% of the stock is owned by hedge funds and other institutional investors.

BlackRock Debt Strategies Fund Company 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.

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