Avantax Advisory Services Inc. Grows Position in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU)

Avantax Advisory Services Inc. grew its stake in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) by 4.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 34,008 shares of the financial services provider’s stock after buying an additional 1,513 shares during the quarter. Avantax Advisory Services Inc.’s holdings in BlackRock Debt Strategies Fund were worth $366,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its stake in shares of BlackRock Debt Strategies Fund by 3.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 52,254 shares of the financial services provider’s stock worth $562,000 after buying an additional 1,802 shares during the period. Elevated Capital Advisors LLC increased its stake in shares of BlackRock Debt Strategies Fund by 0.8% during the fourth quarter. Elevated Capital Advisors LLC now owns 444,027 shares of the financial services provider’s stock valued at $4,778,000 after purchasing an additional 3,439 shares in the last quarter. Atomi Financial Group Inc. boosted 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 worth $447,000 after acquiring an additional 3,549 shares in the last quarter. SeaCrest Wealth Management LLC increased its stake in 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 valued at $166,000 after purchasing an additional 3,599 shares in the last quarter. Finally, Truist Financial Corp increased its holdings in shares of BlackRock Debt Strategies Fund by 7.0% in the 4th quarter. Truist Financial Corp now owns 73,692 shares of the financial services provider’s stock worth $793,000 after purchasing an additional 4,797 shares in the last quarter. 24.29% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock Debt Strategies Fund Price Performance

NYSE DSU opened at $10.47 on Tuesday. The business’s fifty day moving average price is $10.66 and its 200-day moving average price is $10.81. BlackRock Debt Strategies Fund, Inc. has a 1-year low of $10.11 and a 1-year high of $11.20.

BlackRock Debt Strategies Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.0987 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.18 dividend on an annualized basis and a yield of 11.32%.

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.