BlackRock Debt Strategies Fund (DSU) : Trust Asset Management reduced its stake in BlackRock Debt Strategies Fund by 12.6% during the most recent quarter end. The investment management company now holds a total of 239,858 shares of BlackRock Debt Strategies Fund which is valued at $863,489 after selling 34,568 shares in BlackRock Debt Strategies Fund , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.BlackRock Debt Strategies Fund makes up approximately 0.40% of Trust Asset Management’s portfolio.
Other Hedge Funds, Including , Creative Planning reduced its stake in DSU by selling 446 shares or 0.78% in the most recent quarter. The Hedge Fund company now holds 56,949 shares of DSU which is valued at $206,155.
BlackRock Debt Strategies Fund opened for trading at $3.6 and hit $3.61 on the upside on Wednesday, eventually ending the session at $3.6, with a gain of 0.28% or 0.01 points. The heightened volatility saw the trading volume jump to 3,69,275 shares. Company has a market cap of $370 M.
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.