Ameriprise Financial Inc. Grows Holdings in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU)

Ameriprise Financial Inc. increased its holdings in shares of BlackRock Debt Strategies Fund, Inc. (NYSE:DSU - Free Report) by 17.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 248,135 shares of the financial services provider's stock after acquiring an additional 36,960 shares during the quarter. Ameriprise Financial Inc.'s holdings in BlackRock Debt Strategies Fund were worth $2,670,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DSU. Janney Montgomery Scott LLC raised its stake in BlackRock Debt Strategies Fund by 3.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 52,254 shares of the financial services provider's stock worth $562,000 after purchasing an additional 1,802 shares during the period. Kingswood Wealth Advisors LLC purchased a new position in BlackRock Debt Strategies Fund during the fourth quarter worth about $165,000. Moloney Securities Asset Management LLC raised its stake in BlackRock Debt Strategies Fund by 43.7% during the fourth quarter. Moloney Securities Asset Management LLC now owns 124,886 shares of the financial services provider's stock worth $1,344,000 after purchasing an additional 37,956 shares during the period. Truist Financial Corp raised its stake in BlackRock Debt Strategies Fund by 7.0% during the fourth quarter. Truist Financial Corp now owns 73,692 shares of the financial services provider's stock worth $793,000 after purchasing an additional 4,797 shares during the period. Finally, GraniteShares Advisors LLC raised its stake in BlackRock Debt Strategies Fund by 7.9% during the fourth quarter. GraniteShares Advisors LLC now owns 229,305 shares of the financial services provider's stock worth $2,467,000 after purchasing an additional 16,811 shares during the period. 24.29% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Debt Strategies Fund Price Performance

DSU stock traded up $0.04 during trading on Monday, reaching $10.51. 119,963 shares of the stock were exchanged, compared to its average volume of 212,281. The business has a 50 day moving average price of $10.20 and a 200-day moving average price of $10.55. BlackRock Debt Strategies Fund, Inc. has a 1 year low of $8.72 and a 1 year high of $11.19.

BlackRock Debt Strategies Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 15th were paid a $0.0987 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 11.27%. The ex-dividend date was Thursday, May 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.