AGNC Investment (NASDAQ:AGNCM) Shares Down 0% – What’s Next?

AGNC Investment Corp. (NASDAQ:AGNCM) was down 0% during trading on Thursday . The stock traded as low as $24.79 and last traded at $24.81. Approximately 12,738 shares traded hands during trading, a decline of 32% from the average daily volume of 18,718 shares. The stock had previously closed at $24.82.

AGNC Investment Stock Down 0.0%

The business’s 50 day moving average price is $24.97 and its two-hundred day moving average price is $24.83.

AGNC Investment Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be paid a $0.5228 dividend. This represents a $2.09 annualized dividend and a yield of 8.4%. The ex-dividend date of this dividend is Wednesday, July 1st. This is a positive change from AGNC Investment’s previous quarterly dividend of $0.52.

Institutional Trading of AGNC Investment

A hedge fund recently bought a new position in AGNC Investment stock. Kelleher Financial Advisors bought a new position in shares of AGNC Investment Corp. (NASDAQ:AGNCM) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 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.