Home Hedge Funds Truist Financial Corp Acquires 7,547 Shares of BlackRock Debt Strategies Fund, Inc....

Truist Financial Corp Acquires 7,547 Shares of BlackRock Debt Strategies Fund, Inc. (NYSE:DSU)

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Truist Financial Corp increased its holdings in shares of BlackRock Debt Strategies Fund, Inc. (NYSE:DSUGet Rating) by 58.9% during the first quarter, Holdings Channel.com reports. The firm owned 20,362 shares of the financial services provider’s stock after buying an additional 7,547 shares during the period. Truist Financial Corp’s holdings in BlackRock Debt Strategies Fund were worth $212,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Wedbush Securities Inc. boosted its stake in BlackRock Debt Strategies Fund by 6.4% in the first quarter. Wedbush Securities Inc. now owns 16,559 shares of the financial services provider’s stock valued at $173,000 after acquiring an additional 989 shares in the last quarter. AllSquare Wealth Management LLC boosted its stake in BlackRock Debt Strategies Fund by 66.7% in the fourth quarter. AllSquare Wealth Management LLC now owns 2,500 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 1,000 shares in the last quarter. Sfmg LLC boosted its stake in BlackRock Debt Strategies Fund by 7.1% in the fourth quarter. Sfmg LLC now owns 20,041 shares of the financial services provider’s stock valued at $234,000 after acquiring an additional 1,333 shares in the last quarter. Equitable Holdings Inc. boosted its stake in BlackRock Debt Strategies Fund by 11.2% in the fourth quarter. Equitable Holdings Inc. now owns 13,718 shares of the financial services provider’s stock valued at $161,000 after acquiring an additional 1,384 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC boosted its stake in BlackRock Debt Strategies Fund by 29.5% in the first quarter. GPS Wealth Strategies Group LLC now owns 8,772 shares of the financial services provider’s stock valued at $91,000 after acquiring an additional 2,000 shares in the last quarter. 29.47% of the stock is currently owned by institutional investors.

BlackRock Debt Strategies Fund Stock Performance

Shares of DSU opened at $9.69 on Friday. BlackRock Debt Strategies Fund, Inc. has a twelve month low of $8.88 and a twelve month high of $12.50. The company has a 50 day moving average of $9.32 and a two-hundred day moving average of $10.06.

BlackRock Debt Strategies Fund Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, July 29th. Shareholders of record on Friday, July 15th were issued a $0.0605 dividend. The ex-dividend date of this dividend was Thursday, July 14th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 7.49%.

About BlackRock Debt Strategies Fund

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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.

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Want to see what other hedge funds are holding DSU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock Debt Strategies Fund, Inc. (NYSE:DSUGet Rating).

Institutional Ownership by Quarter for BlackRock Debt Strategies Fund (NYSE:DSU)



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