Smith Asset Management Co. LLC Invests $1.89 Million in BlackRock Debt Strategies Fund, Inc. $DSU

Key Points

• Smith Asset Management Co. LLC has invested approximately $1.89 million in the BlackRock Debt Strategies Fund (NYSE:DSU), acquiring 180,905 shares, which represents 1.8% of its overall portfolio.
• The BlackRock Debt Strategies Fund recently announced a monthly dividend of $0.0987 per share, with a significant annualized yield of 11.2%.
• A variety of institutional investors have also increased their stakes in the fund, contributing to over 24% institutional ownership of the stock.

Smith Asset Management Co. LLC acquired a new stake in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 180,905 shares of the financial services provider's stock, valued at approximately $1,889,000. BlackRock Debt Strategies Fund makes up 1.8% of Smith Asset Management Co. LLC's portfolio, making the stock its 24th largest holding. Smith Asset Management Co. LLC owned 0.33% of BlackRock Debt Strategies Fund at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in DSU. Cape Investment Advisory Inc. grew its holdings in BlackRock Debt Strategies Fund by 69.7% in the 1st quarter. Cape Investment Advisory Inc. now owns 5,600 shares of the financial services provider's stock valued at $58,000 after buying an additional 2,300 shares during the last quarter. Ameritas Advisory Services LLC boosted its stake in BlackRock Debt Strategies Fund by 9.9% in the 1st quarter. Ameritas Advisory Services LLC now owns 11,127 shares of the financial services provider's stock valued at $119,000 after buying an additional 1,000 shares in the last quarter. Astoria Portfolio Advisors LLC. acquired a new stake in BlackRock Debt Strategies Fund in the 1st quarter valued at $119,000. Private Advisor Group LLC boosted its stake in BlackRock Debt Strategies Fund by 57.1% in the 1st quarter. Private Advisor Group LLC now owns 16,084 shares of the financial services provider's stock valued at $168,000 after buying an additional 5,845 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in BlackRock Debt Strategies Fund in the 1st quarter valued at $203,000. 24.29% of the stock is owned by institutional investors.

BlackRock Debt Strategies Fund Stock Up 0.3%

Shares of DSU stock opened at $10.60 on Tuesday. The stock's fifty day simple moving average is $10.56 and its 200 day simple moving average is $10.42. 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 disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.0987 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a c) dividend on an annualized basis and a yield of 11.2%.

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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