Northwestern Mutual Wealth Management Co. Increases Stake in BlackRock Debt Strategies Fund, Inc. (DSU)

Northwestern Mutual Wealth Management Co. lifted its holdings in shares of BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) by 25.6% during the third quarter, Holdings Channel reports. The fund owned 159,951 shares of the financial services provider’s stock after purchasing an additional 32,635 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in BlackRock Debt Strategies Fund were worth $1,782,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in DSU. Guggenheim Capital LLC purchased a new position in shares of BlackRock Debt Strategies Fund during the first quarter worth approximately $127,000. Robinson Capital Management LLC purchased a new position in shares of BlackRock Debt Strategies Fund during the second quarter worth approximately $209,000. Mizuho Securities USA LLC purchased a new position in shares of BlackRock Debt Strategies Fund during the third quarter worth approximately $278,000. LPL Financial LLC grew its position in shares of BlackRock Debt Strategies Fund by 88.1% during the first quarter. LPL Financial LLC now owns 24,020 shares of the financial services provider’s stock worth $279,000 after acquiring an additional 11,249 shares during the last quarter. Finally, Focused Wealth Management Inc purchased a new position in shares of BlackRock Debt Strategies Fund during the second quarter worth approximately $300,000. Institutional investors and hedge funds own 35.41% of the company’s stock.

Shares of DSU opened at $10.78 on Friday. BlackRock Debt Strategies Fund, Inc. has a 12-month low of $10.63 and a 12-month high of $11.82.

The firm also recently announced a monthly dividend, which will be paid on Friday, November 30th. Stockholders of record on Thursday, November 15th will be given a dividend of $0.0685 per share. The ex-dividend date is Wednesday, November 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 7.63%.

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About BlackRock Debt Strategies Fund

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

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