Royal Bank of Canada Sells 3,680 Shares of BlackRock Debt Strategies Fund, Inc. (NYSE:DSU)

Royal Bank of Canada lowered its stake in shares of BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) by 26.1% in the first quarter, Holdings Channel reports. The firm owned 10,445 shares of the financial services provider’s stock after selling 3,680 shares during the period. Royal Bank of Canada’s holdings in BlackRock Debt Strategies Fund were worth $89,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in DSU. Saba Capital Management L.P. boosted its position in BlackRock Debt Strategies Fund by 55.8% during the first quarter. Saba Capital Management L.P. now owns 1,421,179 shares of the financial services provider’s stock worth $12,009,000 after purchasing an additional 508,867 shares during the period. RiverNorth Capital Management LLC boosted its position in BlackRock Debt Strategies Fund by 6.4% during the first quarter. RiverNorth Capital Management LLC now owns 3,096,596 shares of the financial services provider’s stock worth $26,166,000 after purchasing an additional 185,199 shares during the period. Guggenheim Capital LLC boosted its position in BlackRock Debt Strategies Fund by 122.6% during the first quarter. Guggenheim Capital LLC now owns 308,506 shares of the financial services provider’s stock worth $2,606,000 after purchasing an additional 169,897 shares during the period. Thomas J. Herzfeld Advisors Inc. boosted its position in BlackRock Debt Strategies Fund by 46.2% during the first quarter. Thomas J. Herzfeld Advisors Inc. now owns 228,796 shares of the financial services provider’s stock worth $1,933,000 after purchasing an additional 72,312 shares during the period. Finally, Stolper Co bought a new stake in BlackRock Debt Strategies Fund during the first quarter worth approximately $510,000. 33.71% of the stock is owned by hedge funds and other institutional investors.

Shares of BlackRock Debt Strategies Fund stock opened at $9.80 on Friday. The stock has a 50 day moving average price of $9.53 and a two-hundred day moving average price of $9.76. BlackRock Debt Strategies Fund, Inc. has a 12-month low of $5.92 and a 12-month high of $11.50.

The business also recently announced a monthly dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th were given a dividend of $0.0711 per share. The ex-dividend date was Tuesday, July 14th. This represents a $0.85 dividend on an annualized basis and a yield of 8.71%.

BlackRock Debt Strategies Fund Profile

There is no company description available for BlackRock Debt Strategies Fund Inc

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

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