Northwestern Mutual Wealth Management Co. raised its holdings in BR-DEBT STRAT F (NYSE:DSU) by 3.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,029 shares of the financial services provider’s stock after buying an additional 4,509 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in BR-DEBT STRAT F were worth $1,385,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. IFP Advisors Inc raised its stake in BR-DEBT STRAT F by 5.2% in the second quarter. IFP Advisors Inc now owns 10,193 shares of the financial services provider’s stock valued at $118,000 after buying an additional 506 shares in the last quarter. Private Advisor Group LLC acquired a new stake in BR-DEBT STRAT F in the second quarter valued at $121,000. Neuberger Berman Group LLC raised its stake in BR-DEBT STRAT F by 9.8% in the second quarter. Neuberger Berman Group LLC now owns 12,771 shares of the financial services provider’s stock valued at $147,000 after buying an additional 1,135 shares in the last quarter. Shaker Financial Services LLC acquired a new stake in BR-DEBT STRAT F in the second quarter valued at $177,000. Finally, Edge Wealth Management LLC raised its stake in BR-DEBT STRAT F by 0.6% in the second quarter. Edge Wealth Management LLC now owns 20,658 shares of the financial services provider’s stock valued at $239,000 after buying an additional 118 shares in the last quarter. Institutional investors own 39.50% of the company’s stock.
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Shares of BR-DEBT STRAT F (DSU) opened at 11.57 on Tuesday. BR-DEBT STRAT F has a 1-year low of $10.35 and a 1-year high of $11.82. The firm has a 50-day moving average price of $11.63 and a 200-day moving average price of $11.61.
The company also recently disclosed a monthly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.0685 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.82 dividend on an annualized basis and a yield of 7.12%.
In other news, insider James Keenan acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, July 26th. The stock was bought at an average cost of $11.69 per share, with a total value of $116,900.00. Following the transaction, the insider now directly owns 46,325 shares in the company, valued at approximately $541,539.25. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.00% of the company’s stock.
BR-DEBT STRAT F Profile
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 the United States companies’ debt instruments, including corporate loans, which are rated in the lower rating categories of the established rating services or unrated debt instruments.
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