Raymond James Financial Inc. Invests $2.64 Million in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU)

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

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new position in shares of BlackRock Debt Strategies Fund in the 3rd quarter valued at about $170,000. Elevated Capital Advisors LLC boosted 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 purchasing an additional 3,439 shares in the last quarter. SeaCrest Wealth Management LLC grew its stake in shares of 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 worth $166,000 after purchasing an additional 3,599 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of BlackRock Debt Strategies Fund during the 4th quarter worth approximately $194,000. Finally, Ameritas Advisory Services LLC purchased a new position in shares of BlackRock Debt Strategies Fund during the 4th quarter valued at approximately $109,000. 24.29% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Debt Strategies Fund Price Performance

Shares of NYSE DSU opened at $10.17 on Wednesday. The company's fifty day moving average price is $10.28 and its 200 day moving average price is $10.62. BlackRock Debt Strategies Fund, Inc. has a 1 year low of $8.72 and a 1 year high of $11.19.

BlackRock Debt Strategies Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.0987 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 11.65%. The ex-dividend date of this dividend is Tuesday, April 15th.

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.

Want to see what other hedge funds are holding DSU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock Debt Strategies Fund, Inc. (NYSE:DSU - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.