Guggenheim Capital LLC Raises Stock Holdings in BlackRock Debt Strategies Fund, Inc. $DSU

Key Points

• Guggenheim Capital LLC increased its stake in BlackRock Debt Strategies Fund, Inc. by 15.5% in Q1, acquiring an additional 163,607 shares, bringing its total holdings to over 1.2 million shares.
• The BlackRock Debt Strategies Fund is set to pay a monthly dividend of $0.0987 on August 29, reflecting an annualized yield of 11.2%.
• Institutional investors currently own 24.29% of the firm's stock, highlighting growing interest from major financial entities.

Guggenheim Capital LLC increased its stake in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU - Free Report) by 15.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,216,991 shares of the financial services provider's stock after acquiring an additional 163,607 shares during the quarter. Guggenheim Capital LLC owned 2.23% of BlackRock Debt Strategies Fund worth $12,705,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of DSU. Envestnet Asset Management Inc. boosted its holdings in BlackRock Debt Strategies Fund by 34.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 58,451 shares of the financial services provider's stock worth $629,000 after acquiring an additional 14,941 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of BlackRock Debt Strategies Fund during the fourth quarter valued at about $2,635,000. Ameriprise Financial Inc. increased its position in shares of BlackRock Debt Strategies Fund by 17.5% in the fourth quarter. Ameriprise Financial Inc. now owns 248,135 shares of the financial services provider's stock worth $2,670,000 after purchasing an additional 36,960 shares during the last quarter. Bank of America Corp DE increased its position in shares of BlackRock Debt Strategies Fund by 4.6% in the fourth quarter. Bank of America Corp DE now owns 331,786 shares of the financial services provider's stock worth $3,570,000 after purchasing an additional 14,679 shares during the last quarter. Finally, Strategic Wealth Partners Ltd. increased its position 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 purchasing an additional 1,400 shares during the last quarter. Institutional investors and hedge funds own 24.29% of the company's stock.

BlackRock Debt Strategies Fund Stock Performance

Shares of NYSE:DSU traded down $0.06 during trading on Tuesday, reaching $10.57. 60,695 shares of the company traded hands, compared to its average volume of 251,038. BlackRock Debt Strategies Fund, Inc. has a 52-week low of $8.72 and a 52-week high of $11.19. The business's fifty day moving average is $10.55 and its 200-day moving average is $10.43.

BlackRock Debt Strategies Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were issued a $0.0987 dividend. The ex-dividend date was Friday, August 15th. This represents a c) dividend on an annualized basis and a yield of 11.2%.

About BlackRock Debt Strategies Fund

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.