386,130 BlackRock Debt Strategies Fund, Inc. $DSU Shares Sold by Greenup Street Wealth Management LLC

Key Points

• Greenup Street Wealth Management cut its BlackRock Debt Strategies Fund position by 97.5% in the third quarter, selling 386,130 shares and retaining 10,049 shares valued at approximately $90,000.
• Other institutional investors increased or initiated positions, while institutions collectively owned 24.29% of DSU.
• DSU opened at $8.64 and recently announced a monthly dividend of $0.0987 per share, equivalent to an annualized $1.18 payout and a 13.7% yield.

Greenup Street Wealth Management LLC trimmed its position in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU - Free Report) by 97.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,049 shares of the financial services provider's stock after selling 386,130 shares during the period. Greenup Street Wealth Management LLC's holdings in BlackRock Debt Strategies Fund were worth $90,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Elevated Capital Advisors LLC increased its position in shares of BlackRock Debt Strategies Fund by 11.8% during the first quarter. Elevated Capital Advisors LLC now owns 455,494 shares of the financial services provider's stock worth $4,368,000 after acquiring an additional 48,214 shares during the period. Bank of America Corp DE raised its holdings in shares of BlackRock Debt Strategies Fund by 8.8% in the 1st quarter. Bank of America Corp DE now owns 507,223 shares of the financial services provider's stock valued at $4,864,000 after purchasing an additional 41,216 shares in the last quarter. Shaker Financial Services LLC bought a new stake in shares of BlackRock Debt Strategies Fund in the 3rd quarter valued at about $199,000. RFG Advisory LLC purchased a new stake in shares of BlackRock Debt Strategies Fund in the 2nd quarter worth approximately $180,000. Finally, Fifth Third Bancorp purchased a new stake in shares of BlackRock Debt Strategies Fund in the 1st quarter worth approximately $147,000. Institutional investors own 24.29% of the company's stock.

BlackRock Debt Strategies Fund Price Performance

Shares of DSU stock opened at $8.64 on Friday. BlackRock Debt Strategies Fund, Inc. has a 52-week low of $8.42 and a 52-week high of $10.40. The company's 50 day moving average is $9.01 and its 200 day moving average is $9.59.

BlackRock Debt Strategies Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be paid a $0.0987 dividend. This represents a $1.18 annualized dividend and a yield of 13.7%. The ex-dividend date is Friday, December 11th.

BlackRock Debt Strategies Fund Company Profile

BlackRock Debt Strategies Fund, Inc is a closed-end investment company listed on the New York Stock Exchange under the symbol DSU. The fund is managed by BlackRock Advisors, LLC, an indirect subsidiary of BlackRock, Inc, and is designed to provide investors with exposure to the leveraged loan and below-investment-grade debt markets.

The fund seeks to generate a high level of current income, with capital appreciation as a secondary objective. It invests primarily in senior secured floating-rate loans and other debt obligations issued by companies, including securities rated below investment grade or considered comparable to such securities.

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