SeaCrest Wealth Management LLC Cuts Stake in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU)

SeaCrest Wealth Management LLC lessened its stake in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) by 13.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,192 shares of the financial services provider’s stock after selling 1,625 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in BlackRock Debt Strategies Fund were worth $110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Spire Wealth Management raised its holdings in BlackRock Debt Strategies Fund by 137.0% in the first quarter. Spire Wealth Management now owns 3,041 shares of the financial services provider’s stock worth $34,000 after buying an additional 1,758 shares during the last quarter. Register Financial Advisors LLC purchased a new stake in shares of BlackRock Debt Strategies Fund during the second quarter valued at $68,000. Creekmur Asset Management LLC bought a new stake in BlackRock Debt Strategies Fund in the 4th quarter worth about $86,000. Aristides Capital LLC bought a new stake in BlackRock Debt Strategies Fund in the 4th quarter worth about $151,000. Finally, Raymond James & Associates raised its position in BlackRock Debt Strategies Fund by 14.9% in the 4th quarter. Raymond James & Associates now owns 21,411 shares of the financial services provider’s stock worth $231,000 after buying an additional 2,773 shares during the last quarter. Institutional investors own 24.29% of the company’s stock.

BlackRock Debt Strategies Fund Stock Down 0.2 %

BlackRock Debt Strategies Fund stock traded down $0.02 during mid-day trading on Tuesday, reaching $10.75. 233,087 shares of the stock traded hands, compared to its average volume of 152,471. BlackRock Debt Strategies Fund, Inc. has a 12-month low of $9.75 and a 12-month high of $11.40. The business’s 50-day moving average is $10.88 and its 200-day moving average is $10.94.

BlackRock Debt Strategies Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 15th will be issued a $0.0987 dividend. The ex-dividend date is Thursday, August 15th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 11.02%.

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.