BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) Position Lowered by Truist Financial Corp

Truist Financial Corp trimmed its position in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) by 1.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 66,633 shares of the financial services provider’s stock after selling 944 shares during the period. Truist Financial Corp owned 0.14% of BlackRock Debt Strategies Fund worth $722,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DSU. Elevated Capital Advisors LLC grew its position in shares of BlackRock Debt Strategies Fund by 3.9% in the 1st quarter. Elevated Capital Advisors LLC now owns 442,022 shares of the financial services provider’s stock worth $4,889,000 after acquiring an additional 16,555 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in BlackRock Debt Strategies Fund by 4.3% during the first quarter. Janney Montgomery Scott LLC now owns 47,198 shares of the financial services provider’s stock valued at $522,000 after purchasing an additional 1,938 shares during the last quarter. Moloney Securities Asset Management LLC raised its holdings in shares of BlackRock Debt Strategies Fund by 14.5% during the first quarter. Moloney Securities Asset Management LLC now owns 58,244 shares of the financial services provider’s stock worth $644,000 after purchasing an additional 7,369 shares during the period. Atomi Financial Group Inc. lifted its position in shares of BlackRock Debt Strategies Fund by 11.4% in the 1st quarter. Atomi Financial Group Inc. now owns 27,786 shares of the financial services provider’s stock worth $307,000 after buying an additional 2,833 shares during the last quarter. Finally, Avantax Advisory Services Inc. lifted its position in shares of BlackRock Debt Strategies Fund by 22.6% in the 1st quarter. Avantax Advisory Services Inc. now owns 29,859 shares of the financial services provider’s stock worth $330,000 after buying an additional 5,497 shares during the last quarter. 24.29% of the stock is owned by institutional investors.

BlackRock Debt Strategies Fund Stock Down 0.1 %

Shares of NYSE:DSU opened at $11.09 on Tuesday. BlackRock Debt Strategies Fund, Inc. has a fifty-two week low of $9.75 and a fifty-two week high of $11.40. The firm has a 50-day simple moving average of $10.93 and a 200 day simple moving average of $10.89.

BlackRock Debt Strategies Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be issued a dividend of $0.0987 per share. This represents a $1.18 annualized dividend and a dividend yield of 10.68%. The ex-dividend date is Tuesday, October 15th.

BlackRock Debt Strategies Fund 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.