Whipplewood Advisors LLC Increases Stock Position in BlackRock Debt Strategies Fund, Inc. $DSU

Whipplewood Advisors LLC increased its position in shares of BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) by 330,486.2% during the second quarter, according to its most recent Form 13F filing with the SEC. 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 owned 0.18% of BlackRock Debt Strategies Fund worth $1,012,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in DSU. Oliver Lagore Vanvalin Investment Group purchased a new stake in BlackRock Debt Strategies Fund during the second quarter worth $42,000. Cape Investment Advisory Inc. boosted its holdings in BlackRock Debt Strategies Fund by 69.7% during the first quarter. Cape Investment Advisory Inc. now owns 5,600 shares of the financial services provider’s stock worth $58,000 after buying an additional 2,300 shares in the last quarter. Ameritas Advisory Services LLC boosted its holdings in BlackRock Debt Strategies Fund by 9.9% during the first quarter. Ameritas Advisory Services LLC now owns 11,127 shares of the financial services provider’s stock worth $119,000 after buying an additional 1,000 shares in the last quarter. Astoria Portfolio Advisors LLC. purchased a new stake in BlackRock Debt Strategies Fund during the first quarter worth $119,000. Finally, Private Advisor Group LLC boosted its holdings in BlackRock Debt Strategies Fund by 57.1% during the first quarter. Private Advisor Group LLC now owns 16,084 shares of the financial services provider’s stock worth $168,000 after buying an additional 5,845 shares in the last quarter. 24.29% of the stock is owned by hedge funds and other institutional investors.

BlackRock Debt Strategies Fund Price Performance

Shares of NYSE DSU opened at $10.29 on Friday. The company’s fifty day moving average price is $10.48 and its 200 day moving average price is $10.43. BlackRock Debt Strategies Fund, Inc. has a 1 year low of $8.72 and a 1 year high of $11.02.

BlackRock Debt Strategies Fund Announces Dividend

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