BlackRock Debt Strategies Fund, Inc. $DSU Stock Position Lowered by Advisors Asset Management Inc.

Key Points

• Advisors Asset Management Inc. reduced its stake in BlackRock Debt Strategies Fund, Inc. by 11% in the first quarter, now holding approximately $5.67 million worth of shares.
• Several other institutional investors, including Ameritas Advisory Services LLC and Private Advisor Group LLC, increased their positions in the fund, reflecting growing interest in the investment.
• The BlackRock Debt Strategies Fund recently announced a monthly dividend of $0.0987, offering an annualized yield of 11.2% to shareholders.

Advisors Asset Management Inc. lowered its stake in shares of BlackRock Debt Strategies Fund, Inc. (NYSE:DSU - Free Report) by 11.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 542,622 shares of the financial services provider's stock after selling 67,134 shares during the quarter. Advisors Asset Management Inc. owned approximately 1.00% of BlackRock Debt Strategies Fund worth $5,665,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Guggenheim Capital LLC boosted its position 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 during the period. Ethos Financial Group LLC acquired a new position in BlackRock Debt Strategies Fund during the 1st quarter valued at approximately $933,000. Virtu Financial LLC acquired a new position in BlackRock Debt Strategies Fund during the 1st quarter valued at approximately $203,000. Invesco Ltd. boosted its position in BlackRock Debt Strategies Fund by 15.9% during the 1st quarter. Invesco Ltd. now owns 651,266 shares of the financial services provider's stock valued at $6,799,000 after purchasing an additional 89,515 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in BlackRock Debt Strategies Fund by 63.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 42,465 shares of the financial services provider's stock worth $443,000 after acquiring an additional 16,435 shares during the period. Institutional investors and hedge funds own 24.29% of the company's stock.

BlackRock Debt Strategies Fund Trading Down 0.0%

DSU stock traded down $0.01 during trading on Tuesday, reaching $10.60. 184,943 shares of the company's stock were exchanged, compared to its average volume of 251,052. BlackRock Debt Strategies Fund, Inc. has a 1-year low of $8.72 and a 1-year high of $11.19. The company's fifty day moving average price is $10.56 and its 200-day moving average price is $10.42.

BlackRock Debt Strategies Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.0987 per share. This represents a c) dividend on an annualized basis and a yield of 11.2%. The ex-dividend date is Monday, September 15th.

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.