NewEdge Wealth LLC Invests $1.96 Million in BlackRock Debt Strategies Fund, Inc. $DSU

NewEdge Wealth LLC bought a new position in shares of BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 189,947 shares of the financial services provider’s stock, valued at approximately $1,962,000. NewEdge Wealth LLC owned 0.35% of BlackRock Debt Strategies Fund as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Global Retirement Partners LLC grew its stake in BlackRock Debt Strategies Fund by 93.7% during the 3rd quarter. Global Retirement Partners LLC now owns 3,724 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 1,801 shares in the last quarter. MTM Investment Management LLC purchased a new position in shares of BlackRock Debt Strategies Fund in the 2nd quarter valued at about $63,000. Ameritas Advisory Services LLC grew its position in shares of BlackRock Debt Strategies Fund by 188.8% during the third quarter. Ameritas Advisory Services LLC now owns 9,652 shares of the financial services provider’s stock worth $103,000 after buying an additional 6,310 shares in the last quarter. Darwin Wealth Management LLC acquired a new position in shares of BlackRock Debt Strategies Fund during the second quarter worth about $103,000. Finally, Concurrent Investment Advisors LLC purchased a new stake in shares of BlackRock Debt Strategies Fund during the third quarter worth approximately $163,000. Hedge funds and other institutional investors own 24.29% of the company’s stock.

BlackRock Debt Strategies Fund Trading Down 0.2%

Shares of BlackRock Debt Strategies Fund stock opened at $10.00 on Friday. BlackRock Debt Strategies Fund, Inc. has a 52-week low of $8.72 and a 52-week high of $10.74. The company has a 50 day moving average of $10.19 and a 200 day moving average of $10.33.

BlackRock Debt Strategies Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a $0.0987 dividend. This represents a c) annualized dividend and a yield of 11.9%. The ex-dividend date of this dividend is Friday, March 13th.

BlackRock Debt Strategies Fund Profile

BlackRock Debt Strategies Fund, Inc (NYSE: DSU) is a diversified, closed-end management investment company designed to provide investors with a combination of current income and capital preservation. Managed by BlackRock Fund Advisors, the fund employs a multi-sector, global fixed-income strategy that seeks to deliver attractive risk-adjusted returns through a portfolio of debt instruments. As an interval fund, DSU offers quarterly liquidity to shareholders who wish to redeem shares at specified intervals.

The fund’s investment approach centers on allocation across various credit sectors, including high-yield corporate bonds, emerging markets debt, bank loans and securitized products.