Invesco Ltd. Has $6.80 Million Stock Position in BlackRock Debt Strategies Fund, Inc. $DSU

Key Points

• Invesco Ltd. increased its stake in BlackRock Debt Strategies Fund (NYSE:DSU) by 15.9%, acquiring an additional 89,515 shares during the 1st quarter, bringing its total to 651,266 shares worth approximately $6.8 million.
• BlackRock Debt Strategies Fund recently announced a monthly dividend of $0.0987 per share, with a dividend yield of 11.2%, set to be paid on August 29th to shareholders of record on August 15th.
• The fund's stock opened at $10.59 and has seen a 12-month price range between a low of $8.72 and a high of $11.19.

Invesco Ltd. boosted its position in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU - Free Report) by 15.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 651,266 shares of the financial services provider's stock after acquiring an additional 89,515 shares during the quarter. Invesco Ltd. owned 1.20% of BlackRock Debt Strategies Fund worth $6,799,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Ameritas Advisory Services LLC increased its stake in BlackRock Debt Strategies Fund by 9.9% in the first quarter. Ameritas Advisory Services LLC now owns 11,127 shares of the financial services provider's stock valued at $119,000 after acquiring an additional 1,000 shares during the last quarter. Astoria Portfolio Advisors LLC. acquired a new position in BlackRock Debt Strategies Fund during the 1st quarter worth approximately $119,000. Private Advisor Group LLC increased its position in BlackRock Debt Strategies Fund by 57.1% during the 1st quarter. Private Advisor Group LLC now owns 16,084 shares of the financial services provider's stock worth $168,000 after purchasing an additional 5,845 shares in the last quarter. XTX Topco Ltd acquired a new position in BlackRock Debt Strategies Fund during the 4th quarter worth approximately $175,000. Finally, SeaCrest Wealth Management LLC increased its position in BlackRock Debt Strategies Fund by 59.4% during the 1st 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 in the last quarter. 24.29% of the stock is owned by institutional investors.

BlackRock Debt Strategies Fund Price Performance

DSU stock traded down $0.03 during trading on Friday, reaching $10.57. 349,968 shares of the company were exchanged, compared to its average volume of 248,863. The company has a 50-day moving average of $10.55 and a two-hundred day moving average of $10.43. BlackRock Debt Strategies Fund, Inc. has a twelve month low of $8.72 and a twelve month high of $11.19.

BlackRock Debt Strategies Fund Dividend Announcement

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

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.