Wells Fargo & Company MN reduced its holdings in shares of BR-DEBT STRAT F (NYSE:DSU) by 12.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 535,944 shares of the financial services provider’s stock after selling 79,693 shares during the quarter. Wells Fargo & Company MN’s holdings in BR-DEBT STRAT F were worth $6,185,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of DSU. IFP Advisors Inc grew its stake in shares of BR-DEBT STRAT F by 5.2% during the 2nd quarter. IFP Advisors Inc now owns 10,193 shares of the financial services provider’s stock worth $118,000 after acquiring an additional 506 shares in the last quarter. Private Advisor Group LLC bought a new position in shares of BR-DEBT STRAT F during the 2nd quarter worth approximately $121,000. Neuberger Berman Group LLC grew its stake in shares of BR-DEBT STRAT F by 9.8% during the 2nd quarter. Neuberger Berman Group LLC now owns 12,771 shares of the financial services provider’s stock worth $147,000 after acquiring an additional 1,135 shares in the last quarter. Shaker Financial Services LLC bought a new position in shares of BR-DEBT STRAT F during the 2nd quarter worth approximately $177,000. Finally, Edge Wealth Management LLC grew its stake in shares of BR-DEBT STRAT F by 0.6% during the 2nd quarter. Edge Wealth Management LLC now owns 20,658 shares of the financial services provider’s stock worth $239,000 after acquiring an additional 118 shares in the last quarter. 39.37% of the stock is owned by institutional investors.
In other news, insider James Keenan bought 10,000 shares of the stock in a transaction dated Wednesday, July 26th. The shares were bought at an average cost of $11.69 per share, with a total value of $116,900.00. Following the completion of the transaction, the insider now directly owns 46,325 shares of the company’s stock, valued at $541,539.25. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is owned by corporate insiders.
BR-DEBT STRAT F (NYSE:DSU) opened at 11.84 on Wednesday. The stock’s 50 day moving average is $11.61 and its 200 day moving average is $11.63. BR-DEBT STRAT F has a 52 week low of $10.35 and a 52 week high of $11.85.
The company also recently announced a monthly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Monday, October 16th will be given a dividend of $0.0685 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 6.94%. The ex-dividend date is Friday, October 13th.
BR-DEBT STRAT F Company Profile
BlackRock Debt Strategies Fund, Inc is a diversified, closed-end management investment company. The Fund’s primary investment objective is to provide current income by investing primarily in a diversified portfolio of the United States companies’ debt instruments, including corporate loans, which are rated in the lower rating categories of the established rating services or unrated debt instruments.
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