244,891 Shares in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in shares of BlackRock Debt Strategies Fund, Inc. (NYSE:DSU - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 244,891 shares of the financial services provider's stock, valued at approximately $2,635,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Jane Street Group LLC purchased a new position in shares of BlackRock Debt Strategies Fund in the third quarter worth $170,000. Elevated Capital Advisors LLC raised its position in BlackRock Debt Strategies Fund by 0.8% in the 4th quarter. Elevated Capital Advisors LLC now owns 444,027 shares of the financial services provider's stock worth $4,778,000 after buying an additional 3,439 shares during the last quarter. SeaCrest Wealth Management LLC lifted its stake in BlackRock Debt Strategies Fund by 30.5% during the 4th quarter. SeaCrest Wealth Management LLC now owns 15,399 shares of the financial services provider's stock valued at $166,000 after acquiring an additional 3,599 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of BlackRock Debt Strategies Fund during the 4th quarter valued at about $194,000. Finally, Ameritas Advisory Services LLC bought a new stake in shares of BlackRock Debt Strategies Fund in the fourth quarter worth approximately $109,000. 24.29% of the stock is owned by institutional investors.

BlackRock Debt Strategies Fund Stock Up 0.1 %

BlackRock Debt Strategies Fund stock traded up $0.01 during midday trading on Monday, reaching $10.38. 53,008 shares of the company traded hands, compared to its average volume of 263,306. BlackRock Debt Strategies Fund, Inc. has a 12 month low of $8.72 and a 12 month high of $11.19. The business has a 50 day moving average of $10.26 and a two-hundred day moving average of $10.61.

BlackRock Debt Strategies Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th were issued a dividend of $0.0987 per share. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $1.18 annualized dividend and a dividend yield of 11.41%.

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.