Landscape Capital Management L.L.C. Acquires New Stake in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU)

Landscape Capital Management L.L.C. purchased a new position in shares of BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,487 shares of the financial services provider’s stock, valued at approximately $145,000.

Several other hedge funds have also made changes to their positions in DSU. Avantax Advisory Services Inc. lifted its holdings in BlackRock Debt Strategies Fund by 4.7% during the 4th quarter. Avantax Advisory Services Inc. now owns 34,008 shares of the financial services provider’s stock worth $366,000 after buying an additional 1,513 shares in the last quarter. Janney Montgomery Scott LLC raised its position in BlackRock Debt Strategies Fund by 3.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 52,254 shares of the financial services provider’s stock valued at $562,000 after purchasing an additional 1,802 shares in the last quarter. Elevated Capital Advisors LLC lifted its stake in BlackRock Debt Strategies Fund by 0.8% in the fourth quarter. Elevated Capital Advisors LLC now owns 444,027 shares of the financial services provider’s stock worth $4,778,000 after acquiring an additional 3,439 shares during the last quarter. Atomi Financial Group Inc. grew its holdings in BlackRock Debt Strategies Fund by 9.3% during the 4th quarter. Atomi Financial Group Inc. now owns 41,585 shares of the financial services provider’s stock worth $447,000 after acquiring an additional 3,549 shares in the last quarter. Finally, SeaCrest Wealth Management LLC grew its holdings in BlackRock Debt Strategies Fund by 30.5% during the 4th quarter. SeaCrest Wealth Management LLC now owns 15,399 shares of the financial services provider’s stock worth $166,000 after acquiring an additional 3,599 shares in the last quarter. Institutional investors and hedge funds own 24.29% of the company’s stock.

BlackRock Debt Strategies Fund Stock Performance

BlackRock Debt Strategies Fund stock opened at $9.59 on Wednesday. The stock’s fifty day moving average is $10.52 and its two-hundred day moving average is $10.74. BlackRock Debt Strategies Fund, Inc. has a 1-year low of $8.72 and a 1-year high of $11.19.

BlackRock Debt Strategies Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.0987 per share. The ex-dividend date is Tuesday, April 15th. This represents a $1.18 annualized dividend and a dividend yield of 12.36%.

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.