PNC Financial Services Group Inc. Grows Stock Position in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU)

PNC Financial Services Group Inc. raised its stake in shares of BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) by 26.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 26,030 shares of the financial services provider’s stock after buying an additional 5,405 shares during the period. PNC Financial Services Group Inc.’s holdings in BlackRock Debt Strategies Fund were worth $280,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of DSU. Penserra Capital Management LLC purchased a new position in shares of BlackRock Debt Strategies Fund during the 3rd quarter valued at about $5,081,000. Raymond James Financial Inc. purchased a new position in shares of BlackRock Debt Strategies Fund during the 4th quarter valued at about $2,635,000. Whipplewood Advisors LLC purchased a new position in shares of BlackRock Debt Strategies Fund during the 4th quarter valued at about $1,713,000. Moloney Securities Asset Management LLC raised its stake in shares of BlackRock Debt Strategies Fund by 43.7% during the 4th quarter. Moloney Securities Asset Management LLC now owns 124,886 shares of the financial services provider’s stock valued at $1,344,000 after buying an additional 37,956 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of BlackRock Debt Strategies Fund in the 4th quarter valued at about $194,000. Hedge funds and other institutional investors own 24.29% of the company’s stock.

BlackRock Debt Strategies Fund Stock Performance

Shares of BlackRock Debt Strategies Fund stock opened at $10.48 on Friday. BlackRock Debt Strategies Fund, Inc. has a twelve month low of $10.11 and a twelve month high of $11.20. The business has a 50-day moving average price of $10.67 and a 200 day moving average price of $10.81.

BlackRock Debt Strategies Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.0987 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.18 annualized dividend and a dividend yield of 11.31%.

BlackRock Debt Strategies Fund 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.