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

Elevated Capital Advisors LLC trimmed its holdings in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU - Free Report) by 6.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 413,571 shares of the financial services provider's stock after selling 30,456 shares during the period. BlackRock Debt Strategies Fund makes up 1.2% of Elevated Capital Advisors LLC's investment portfolio, making the stock its 18th biggest holding. Elevated Capital Advisors LLC's holdings in BlackRock Debt Strategies Fund were worth $4,318,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Steel Grove Capital Advisors LLC purchased a new position in BlackRock Debt Strategies Fund in the 4th quarter valued at approximately $62,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in BlackRock Debt Strategies Fund in the 4th quarter valued at approximately $116,000. StoneX Group Inc. purchased a new position in BlackRock Debt Strategies Fund in the 4th quarter valued at approximately $139,000. Landscape Capital Management L.L.C. purchased a new position in BlackRock Debt Strategies Fund in the 4th quarter valued at approximately $145,000. Finally, XTX Topco Ltd purchased a new position in BlackRock Debt Strategies Fund in the 4th quarter valued at approximately $175,000. 24.29% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock Debt Strategies Fund Trading Down 0.2%

BlackRock Debt Strategies Fund stock opened at $10.53 on Friday. BlackRock Debt Strategies Fund, Inc. has a 1-year low of $8.72 and a 1-year high of $11.19. The firm has a 50 day simple moving average of $10.39 and a 200 day simple moving average of $10.50.

BlackRock Debt Strategies Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.0987 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.18 dividend on an annualized basis and a yield of 11.26%.

BlackRock Debt Strategies Fund Company 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.

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