AGNC Investment (NASDAQ:AGNCM) Stock Price Down 0% – Here’s What Happened

Shares of AGNC Investment Corp. (NASDAQ:AGNCM) fell 0% on Thursday . The company traded as low as $24.79 and last traded at $24.81. Approximately 12,738 shares changed hands during mid-day 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 Up 0.3%

The company has a 50 day simple moving average of $24.97 and a 200-day simple moving average of $24.83.

AGNC Investment Increases Dividend

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

Institutional Investors Weigh In On AGNC Investment

An institutional investor recently bought a new stake in AGNC Investment stock. Kelleher Financial Advisors purchased a new stake in AGNC Investment Corp. (NASDAQ:AGNCM) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 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.