Raymond James Financial Inc. Buys Shares of 244,891 BlackRock Debt Strategies Fund, Inc. (NYSE:DSU)

Raymond James Financial Inc. purchased a new position in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 244,891 shares of the financial services provider’s stock, valued at approximately $2,635,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Jane Street Group LLC purchased a new stake in BlackRock Debt Strategies Fund in the third quarter worth $170,000. Elevated Capital Advisors LLC increased its stake in BlackRock Debt Strategies Fund by 0.8% in the 4th quarter. Elevated Capital Advisors LLC now owns 444,027 shares of the financial services provider’s stock worth $4,778,000 after buying an additional 3,439 shares during the period. SeaCrest Wealth Management LLC lifted its holdings 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 buying an additional 3,599 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in BlackRock Debt Strategies Fund in the 4th quarter valued at about $194,000. Finally, Ameritas Advisory Services LLC bought a new position in BlackRock Debt Strategies Fund in the 4th quarter worth about $109,000. 24.29% of the stock is owned by institutional investors.

BlackRock Debt Strategies Fund Stock Down 0.2 %

Shares of NYSE:DSU opened at $10.50 on Friday. The firm’s 50 day simple moving average is $10.65 and its 200-day simple moving average is $10.80. BlackRock Debt Strategies Fund, Inc. has a one year low of $10.11 and a one year high of $11.19.

BlackRock Debt Strategies Fund Dividend Announcement

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 dividend of $0.0987 per share. This represents a $1.18 dividend on an annualized basis and a yield of 11.28%. The ex-dividend date is Friday, March 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.