BlackRock Debt Strategies Fund (DSU) : Newgate Capital Management scooped up 80,926 additional shares in BlackRock Debt Strategies Fund during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 2,398,291 shares of BlackRock Debt Strategies Fund which is valued at $8,729,779.BlackRock Debt Strategies Fund makes up approximately 6.95% of Newgate Capital Management’s portfolio.
Other Hedge Funds, Including , Mariner Investment Group sold out all of its stake in DSU during the most recent quarter. The investment firm sold 263,312 shares of DSU which is valued $958,456.Sit Investment Associates Inc boosted its stake in DSU in the latest quarter, The investment management firm added 259,614 additional shares and now holds a total of 835,990 shares of BlackRock Debt Strategies Fund which is valued at $3,043,004. BlackRock Debt Strategies Fund makes up approx 0.08% of Sit Investment Associates Inc’s portfolio.Msi Financial Services Inc reduced its stake in DSU by selling 426 shares or 7.5% in the most recent quarter. The Hedge Fund company now holds 5,253 shares of DSU which is valued at $19,016.
BlackRock Debt Strategies Fund closed down -0.01 points or -0.27% at $3.66 with 2,55,054 shares getting traded on Monday. Post opening the session at $3.67, the shares hit an intraday low of $3.66 and an intraday high of $3.67 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
BlackRock Debt Strategies Fund Inc. is a diversified closed-end management investment company. The Fund’s primary investment objective is to provide current income by investing primarily in a diversified portfolio of United States 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. The Fund’s secondary objective is to provide capital appreciation. Corporate loans include senior and subordinated corporate loans both secured and unsecured. The Fund invests directly in such securities or synthetically through the use of derivatives. It invests in various industries including chemicals paper automotive financial services healthcare leisure manufacturing telecommunications transportation infrastructure and utilities among others. BlackRock Advisors LLC is the investment advisor of the Fund.