Invesco Ltd. raised its stake in shares of BlackRock Debt Strategies Fund, Inc. (NYSE:DSU – Free Report) by 0.4% in the third quarter, Holdings Channel reports. The institutional investor owned 730,337 shares of the financial services provider’s stock after buying an additional 3,151 shares during the quarter. Invesco Ltd.’s holdings in BlackRock Debt Strategies Fund were worth $7,501,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. McIlrath & Eck LLC purchased a new position in BlackRock Debt Strategies Fund during the fourth quarter valued at $27,000. Oliver Lagore Vanvalin Investment Group raised its stake in shares of BlackRock Debt Strategies Fund by 50.0% in the third quarter. Oliver Lagore Vanvalin Investment Group now owns 3,000 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 1,000 shares during the last quarter. Advisory Services Network LLC raised its stake in shares of BlackRock Debt Strategies Fund by 346.3% in the first quarter. Advisory Services Network LLC now owns 7,137 shares of the financial services provider’s stock worth $68,000 after purchasing an additional 5,538 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in shares of BlackRock Debt Strategies Fund in the first quarter worth $77,000. Finally, Virtu Financial LLC purchased a new position in shares of BlackRock Debt Strategies Fund in the fourth quarter worth $94,000. Hedge funds and other institutional investors own 27.58% of the company’s stock.
BlackRock Debt Strategies Fund Stock Performance
DSU stock opened at $11.19 on Friday. BlackRock Debt Strategies Fund, Inc. has a 1-year low of $9.20 and a 1-year high of $11.30. The business has a fifty day moving average price of $10.96 and a 200-day moving average price of $10.51.
BlackRock Debt Strategies Fund Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, March 15th will be paid a $0.0987 dividend. This represents a $1.18 annualized dividend and a dividend yield of 10.59%. The ex-dividend date is Thursday, March 14th.
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.
Read More
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).
Receive News & Ratings for BlackRock Debt Strategies Fund Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for BlackRock Debt Strategies Fund and related companies with MarketBeat.com’s FREE daily email newsletter.