Whipplewood Advisors LLC Takes $1.71 Million Position in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU)

Whipplewood Advisors LLC bought a new position in shares of BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 159,225 shares of the financial services provider’s stock, valued at approximately $1,713,000. BlackRock Debt Strategies Fund makes up approximately 1.0% of Whipplewood Advisors LLC’s investment portfolio, making the stock its 25th largest holding.

A number of other large investors have also added to or reduced their stakes in DSU. Darwin Wealth Management LLC acquired a new position in BlackRock Debt Strategies Fund in the 3rd quarter worth $103,000. Private Advisor Group LLC purchased a new stake in shares of BlackRock Debt Strategies Fund during the third quarter worth about $111,000. Ameritas Advisory Services LLC acquired a new position in shares of BlackRock Debt Strategies Fund in the fourth quarter worth about $109,000. Monterey Private Wealth Inc. acquired a new position in shares of BlackRock Debt Strategies Fund in the fourth quarter worth about $161,000. Finally, Kingswood Wealth Advisors LLC purchased a new position in BlackRock Debt Strategies Fund in the fourth quarter valued at about $165,000. 24.29% of the stock is owned by institutional investors and hedge funds.

BlackRock Debt Strategies Fund Stock Performance

Shares of NYSE DSU opened at $10.68 on Thursday. The business has a 50 day moving average price of $10.75 and a two-hundred day moving average price of $10.84. BlackRock Debt Strategies Fund, Inc. has a fifty-two week low of $10.11 and a fifty-two week high of $11.40.

BlackRock Debt Strategies Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.0987 dividend. This represents a $1.18 annualized dividend and a dividend yield of 11.10%. The ex-dividend date of this dividend is Friday, February 14th.

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.