Elevated Capital Advisors LLC Purchases 3,439 Shares of BlackRock Debt Strategies Fund, Inc. (NYSE:DSU)

Elevated Capital Advisors LLC boosted its holdings in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 444,027 shares of the financial services provider’s stock after buying an additional 3,439 shares during the quarter. BlackRock Debt Strategies Fund makes up approximately 1.3% of Elevated Capital Advisors LLC’s investment portfolio, making the stock its 14th largest position. Elevated Capital Advisors LLC’s holdings in BlackRock Debt Strategies Fund were worth $4,778,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in DSU. Penserra Capital Management LLC bought a new stake in BlackRock Debt Strategies Fund in the third quarter valued at approximately $5,081,000. Creative Planning bought a new position in BlackRock Debt Strategies Fund during the second quarter worth $589,000. Private Advisor Group LLC acquired a new position in BlackRock Debt Strategies Fund in the third quarter valued at $111,000. SeaCrest Wealth Management LLC boosted its position in BlackRock Debt Strategies Fund by 15.8% during the third quarter. SeaCrest Wealth Management LLC now owns 11,800 shares of the financial services provider’s stock valued at $130,000 after acquiring an additional 1,608 shares during the last quarter. Finally, Moloney Securities Asset Management LLC grew its holdings in BlackRock Debt Strategies Fund by 8.9% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 86,930 shares of the financial services provider’s stock worth $959,000 after acquiring an additional 7,072 shares during the period. 24.29% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Debt Strategies Fund Stock Performance

Shares of DSU stock traded down $0.02 during mid-day trading on Monday, hitting $10.77. The company’s stock had a trading volume of 247,033 shares, compared to its average volume of 220,138. The company’s fifty day simple moving average is $10.83 and its 200-day simple moving average is $10.88. BlackRock Debt Strategies Fund, Inc. has a 52 week low of $10.11 and a 52 week high of $11.40.

BlackRock Debt Strategies Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a $0.0987 dividend. This represents a $1.18 annualized dividend and a yield of 11.00%. The ex-dividend date is Wednesday, January 15th.

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.