StoneX Group Inc. Makes New $139,000 Investment in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU)

StoneX Group Inc. bought a new stake in shares of BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) during the fourth quarter, HoldingsChannel reports. The firm bought 12,929 shares of the financial services provider’s stock, valued at approximately $139,000.

A number of other hedge funds have also recently modified their holdings of the business. LPL Financial LLC lifted its position in 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 valued at $5,596,000 after acquiring an additional 33,639 shares during the period. Elevated Capital Advisors LLC lifted its holdings in shares of BlackRock Debt Strategies Fund by 0.8% during the fourth quarter. Elevated Capital Advisors LLC now owns 444,027 shares of the financial services provider’s stock valued at $4,778,000 after purchasing an additional 3,439 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of BlackRock Debt Strategies Fund in the 4th quarter worth approximately $2,635,000. GraniteShares Advisors LLC grew its stake in shares of BlackRock Debt Strategies Fund by 7.9% in the 4th quarter. GraniteShares Advisors LLC now owns 229,305 shares of the financial services provider’s stock worth $2,467,000 after buying an additional 16,811 shares during the last quarter. Finally, Whipplewood Advisors LLC bought a new position in BlackRock Debt Strategies Fund during the 4th quarter valued at approximately $1,713,000. Institutional investors own 24.29% of the company’s stock.

BlackRock Debt Strategies Fund Price Performance

BlackRock Debt Strategies Fund stock opened at $10.30 on Friday. BlackRock Debt Strategies Fund, Inc. has a 12 month low of $10.11 and a 12 month high of $11.19. The business’s fifty day simple moving average is $10.63 and its two-hundred day simple moving average is $10.78.

BlackRock Debt Strategies Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be paid a $0.0987 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 11.51%. The ex-dividend date of this dividend is Tuesday, April 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.