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 traded.
BlackRock Debt Strategies Fund Stock Up 0.5%
The stock has a fifty day moving average of $10.34 and a 200 day moving average of $10.51.
BlackRock Debt Strategies Fund Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $0.0987 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.18 dividend on an annualized basis and a yield of 11.30%.
Institutional Trading of BlackRock Debt Strategies Fund
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DSU. Ameritas Advisory Services LLC increased its holdings in BlackRock Debt Strategies Fund by 9.9% during the 1st quarter. Ameritas Advisory Services LLC now owns 11,127 shares of the financial services provider's stock worth $119,000 after purchasing an additional 1,000 shares during the period. Strategic Wealth Partners Ltd. raised its holdings in shares of BlackRock Debt Strategies Fund by 0.9% in 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 acquiring an additional 1,400 shares in the last quarter. Avantax Advisory Services Inc. grew its holdings in BlackRock Debt Strategies Fund by 4.7% during the 4th quarter. Avantax Advisory Services Inc. now owns 34,008 shares of the financial services provider's stock worth $366,000 after acquiring an additional 1,513 shares in the last quarter. Envestnet Asset Management Inc. increased its position in BlackRock Debt Strategies Fund by 2.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 60,075 shares of the financial services provider's stock valued at $627,000 after purchasing an additional 1,624 shares during the period. Finally, NewEdge Advisors LLC increased its position in BlackRock Debt Strategies Fund by 2.6% during the 4th quarter. NewEdge Advisors LLC now owns 78,849 shares of the financial services provider's stock valued at $848,000 after purchasing an additional 1,981 shares during the period. 24.29% of the stock is owned by hedge funds and other institutional investors.
BlackRock Debt Strategies Fund Company Profile
(
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.
See Also
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
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
