Elevated Capital Advisors LLC Trims Stake in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU)

Elevated Capital Advisors LLC reduced its position in shares of BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) by 6.9% in the first quarter, Holdings Channel reports. The firm owned 413,571 shares of the financial services provider’s stock after selling 30,456 shares during the period. BlackRock Debt Strategies Fund comprises approximately 1.2% of Elevated Capital Advisors LLC’s holdings, making the stock its 18th biggest position. Elevated Capital Advisors LLC’s holdings in BlackRock Debt Strategies Fund were worth $4,318,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Guggenheim Capital LLC grew its position in shares of BlackRock Debt Strategies Fund by 43.5% during the 4th quarter. Guggenheim Capital LLC now owns 1,053,384 shares of the financial services provider’s stock valued at $11,334,000 after purchasing an additional 319,554 shares in the last quarter. Invesco Ltd. grew its position in shares of BlackRock Debt Strategies Fund by 1.3% during the 4th quarter. Invesco Ltd. now owns 561,751 shares of the financial services provider’s stock valued at $6,044,000 after purchasing an additional 7,480 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of BlackRock Debt Strategies Fund by 6.9% during the 4th quarter. LPL Financial LLC now owns 520,058 shares of the financial services provider’s stock worth $5,596,000 after acquiring an additional 33,639 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of BlackRock Debt Strategies Fund by 4.6% during the 4th quarter. Bank of America Corp DE now owns 331,786 shares of the financial services provider’s stock worth $3,570,000 after acquiring an additional 14,679 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of BlackRock Debt Strategies Fund by 7.7% during the 4th quarter. Wells Fargo & Company MN now owns 276,362 shares of the financial services provider’s stock worth $2,974,000 after acquiring an additional 19,737 shares during the last quarter. 24.29% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock Debt Strategies Fund Stock Down 0.2%

NYSE DSU opened at $10.53 on Friday. BlackRock Debt Strategies Fund, Inc. has a 52-week low of $8.72 and a 52-week high of $11.19. The company has a fifty day moving average of $10.39 and a 200-day moving average of $10.50.

BlackRock Debt Strategies Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.0987 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 11.26%. The ex-dividend date of this dividend is Friday, June 13th.

About BlackRock Debt Strategies Fund

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.