BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) Stock Position Decreased by KFA Private Wealth Group LLC

KFA Private Wealth Group LLC cut its stake in shares of BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) by 65.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,112 shares of the financial services provider’s stock after selling 60,168 shares during the quarter. KFA Private Wealth Group LLC owned 0.07% of BlackRock Debt Strategies Fund worth $336,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DSU. International Assets Investment Management LLC purchased a new stake in shares of BlackRock Debt Strategies Fund during the fourth quarter worth $792,000. Sowell Financial Services LLC grew its position in BlackRock Debt Strategies Fund by 3.5% during the fourth quarter. Sowell Financial Services LLC now owns 40,911 shares of the financial services provider’s stock worth $441,000 after buying an additional 1,400 shares in the last quarter. Melfa Wealth Management LLC grew its position in BlackRock Debt Strategies Fund by 3.4% during the fourth quarter. Melfa Wealth Management LLC now owns 52,726 shares of the financial services provider’s stock worth $569,000 after buying an additional 1,721 shares in the last quarter. SeaCrest Wealth Management LLC boosted its holdings in BlackRock Debt Strategies Fund by 13.3% during the fourth quarter. SeaCrest Wealth Management LLC now owns 14,847 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 1,741 shares in the last quarter. Finally, Raymond James & Associates raised its stake in shares of BlackRock Debt Strategies Fund by 14.9% in the fourth quarter. Raymond James & Associates now owns 21,411 shares of the financial services provider’s stock valued at $231,000 after acquiring an additional 2,773 shares during the last quarter. 24.29% of the stock is owned by institutional investors.

BlackRock Debt Strategies Fund Price Performance

DSU traded up $0.06 during trading on Friday, reaching $10.71. 118,427 shares of the company’s stock were exchanged, compared to its average volume of 154,946. The company’s fifty day moving average price is $10.96 and its 200-day moving average price is $10.67. BlackRock Debt Strategies Fund, Inc. has a fifty-two week low of $9.22 and a fifty-two week high of $11.40.

BlackRock Debt Strategies Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be issued a $0.0987 dividend. This represents a $1.18 annualized dividend and a dividend yield of 11.07%. The ex-dividend date is Friday, April 12th.

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.