AGNC Investment (NASDAQ:AGNCM) Stock Price Up 0.2% – Here’s Why

Shares of AGNC Investment Corp. (NASDAQ:AGNCM) rose 0.2% during trading on Tuesday . The stock traded as high as $25.17 and last traded at $25.10. Approximately 10,234 shares were traded during trading, a decline of 43% from the average daily volume of 17,893 shares. The stock had previously closed at $25.05.

AGNC Investment Stock Up 0.2%

The company’s fifty day simple moving average is $24.72 and its two-hundred day simple moving average is $24.77.

AGNC Investment Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st were paid a dividend of $0.5166 per share. The ex-dividend date was Wednesday, April 1st. This represents a $2.07 dividend on an annualized basis and a dividend yield of 8.2%.

Institutional Trading of AGNC Investment

A hedge fund recently bought a new stake in AGNC Investment stock. Kelleher Financial Advisors acquired a new stake in AGNC Investment Corp. (NASDAQ:AGNCM) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 9,792 shares of the company’s stock, valued at approximately $240,000.

About AGNC Investment

AGNC Investment Corp is a real estate investment trust that primarily invests in residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises, such as Fannie Mae, Freddie Mac and Ginnie Mae. The company seeks to generate attractive risk-adjusted returns for its shareholders by acquiring agency mortgage assets and funding them with a combination of short-term repurchase agreements and longer-term debt instruments.

To manage interest rate and prepayment risk, AGNC Investment employs a range of hedging strategies, including interest rate swaps, swaptions and treasury locks.