BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lifted its stake in shares of BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) by 26.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,030 shares of the financial services provider’s stock after purchasing an additional 5,405 shares during the period. PNC Financial Services Group Inc.’s holdings in BlackRock Debt Strategies Fund were worth $280,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Penserra Capital Management LLC acquired a new position in shares of BlackRock Debt Strategies Fund during the 3rd quarter worth approximately $5,081,000. Truist Financial Corp lifted its holdings in BlackRock Debt Strategies Fund by 7.0% in the fourth quarter. Truist Financial Corp now owns 73,692 shares of the financial services provider’s stock valued at $793,000 after acquiring an additional 4,797 shares during the last quarter. Jane Street Group LLC acquired a new position in BlackRock Debt Strategies Fund in the third quarter valued at approximately $170,000. SeaCrest Wealth Management LLC lifted its holdings in BlackRock Debt Strategies Fund by 30.5% in the fourth 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 last quarter. Finally, Atomi Financial Group Inc. lifted its holdings in BlackRock Debt Strategies Fund by 9.3% in the fourth quarter. Atomi Financial Group Inc. now owns 41,585 shares of the financial services provider’s stock valued at $447,000 after acquiring an additional 3,549 shares during the last quarter. 24.29% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Debt Strategies Fund Trading Down 0.2 %

DSU opened at $10.48 on Friday. BlackRock Debt Strategies Fund, Inc. has a one year low of $10.11 and a one year high of $11.20. The business’s 50 day moving average price is $10.67 and its 200 day moving average price is $10.81.

BlackRock Debt Strategies Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.0987 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 11.31%. The ex-dividend date of this dividend is Friday, 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.