Armis Advisers LLC Invests $683,000 in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU)

Armis Advisers LLC bought a new stake in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 63,469 shares of the financial services provider's stock, valued at approximately $683,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Steel Grove Capital Advisors LLC bought a new position in BlackRock Debt Strategies Fund in the 4th quarter worth about $62,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of BlackRock Debt Strategies Fund in the fourth quarter worth $116,000. StoneX Group Inc. bought a new position in BlackRock Debt Strategies Fund in the 4th quarter worth $139,000. Landscape Capital Management L.L.C. bought a new position in BlackRock Debt Strategies Fund in the fourth quarter worth about $145,000. Finally, Kingswood Wealth Advisors LLC bought a new stake in shares of BlackRock Debt Strategies Fund during the fourth quarter valued at approximately $165,000. Institutional investors own 24.29% of the company's stock.

BlackRock Debt Strategies Fund Trading Down 0.4%

NYSE:DSU traded down $0.04 during mid-day trading on Friday, hitting $10.46. 177,349 shares of the company's stock were exchanged, compared to its average volume of 212,087. The business has a fifty day moving average price of $10.20 and a 200 day moving average price of $10.55. BlackRock Debt Strategies Fund, Inc. has a one year low of $8.72 and a one year high of $11.19.

BlackRock Debt Strategies Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be paid a $0.0987 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 11.33%.

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.