Whipplewood Advisors LLC Boosts Stake in BlackRock Debt Strategies Fund, Inc. $DSU

Whipplewood Advisors LLC lifted its holdings in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) by 330,486.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,870 shares of the financial services provider’s stock after buying an additional 95,841 shares during the period. Whipplewood Advisors LLC’s holdings in BlackRock Debt Strategies Fund were worth $1,012,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of DSU. Smith Asset Management Co. LLC purchased a new position in shares of BlackRock Debt Strategies Fund in the first quarter worth about $1,889,000. Guggenheim Capital LLC lifted its stake in shares of BlackRock Debt Strategies Fund by 15.5% in the first quarter. Guggenheim Capital LLC now owns 1,216,991 shares of the financial services provider’s stock worth $12,705,000 after buying an additional 163,607 shares in the last quarter. Invesco Ltd. increased its position in BlackRock Debt Strategies Fund by 15.9% during the first quarter. Invesco Ltd. now owns 651,266 shares of the financial services provider’s stock worth $6,799,000 after purchasing an additional 89,515 shares during the last quarter. Ethos Financial Group LLC acquired a new stake in BlackRock Debt Strategies Fund during the first quarter worth about $933,000. Finally, LPL Financial LLC increased its position in BlackRock Debt Strategies Fund by 6.3% during the first quarter. LPL Financial LLC now owns 552,974 shares of the financial services provider’s stock worth $5,773,000 after purchasing an additional 32,916 shares during the last quarter. 24.29% of the stock is owned by hedge funds and other institutional investors.

BlackRock Debt Strategies Fund Stock Performance

BlackRock Debt Strategies Fund stock opened at $10.29 on Friday. BlackRock Debt Strategies Fund, Inc. has a 12-month low of $8.72 and a 12-month high of $11.02. The company has a 50-day moving average price of $10.48 and a 200 day moving average price of $10.43.

BlackRock Debt Strategies Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be given a dividend of $0.0987 per share. This represents a c) annualized dividend and a yield of 11.5%. The ex-dividend date is Wednesday, October 15th.

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.