Elevated Capital Advisors LLC Trims Stake in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU)

Elevated Capital Advisors LLC lowered its stake in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU - Free Report) by 6.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 413,571 shares of the financial services provider's stock after selling 30,456 shares during the quarter. BlackRock Debt Strategies Fund makes up 1.2% of Elevated Capital Advisors LLC's investment portfolio, making the stock its 18th largest position. Elevated Capital Advisors LLC's holdings in BlackRock Debt Strategies Fund were worth $4,318,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Register Financial Advisors LLC grew its position in BlackRock Debt Strategies Fund by 19.8% in the first quarter. Register Financial Advisors LLC now owns 31,560 shares of the financial services provider's stock worth $329,000 after acquiring an additional 5,220 shares in the last quarter. GraniteShares Advisors LLC raised its position in BlackRock Debt Strategies Fund by 6.4% in the 1st quarter. GraniteShares Advisors LLC now owns 244,095 shares of the financial services provider's stock worth $2,548,000 after purchasing an additional 14,790 shares during the period. SeaCrest Wealth Management LLC lifted its stake in BlackRock Debt Strategies Fund by 59.4% in the first quarter. SeaCrest Wealth Management LLC now owns 24,543 shares of the financial services provider's stock worth $256,000 after purchasing an additional 9,144 shares during the last quarter. Armis Advisers LLC bought a new position in shares of BlackRock Debt Strategies Fund during the fourth quarter valued at about $683,000. Finally, Strategic Wealth Partners Ltd. increased 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 worth $1,737,000 after buying an additional 1,400 shares during the period. Hedge funds and other institutional investors own 24.29% of the company's stock.

BlackRock Debt Strategies Fund Trading Up 0.6%

DSU stock traded up $0.07 during trading on Tuesday, hitting $10.63. 205,713 shares of the company traded hands, compared to its average volume of 219,027. The company has a 50-day moving average of $10.40 and a 200-day moving average of $10.49. 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 company also recently declared a monthly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a dividend of $0.0987 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.18 dividend on an annualized basis and a yield of 11.15%.

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.