AGNC Investment (NASDAQ:AGNCM) Trading Up 0.1% – Here’s Why

AGNC Investment Corp. (NASDAQ:AGNCMGet Free Report) shares were up 0.1% during mid-day trading on Monday . The company traded as high as $24.94 and last traded at $24.94. Approximately 27,366 shares were traded during mid-day trading, an increase of 99% from the average daily volume of 13,746 shares. The stock had previously closed at $24.92.

AGNC Investment Price Performance

The stock’s 50 day moving average is $24.89 and its 200-day moving average is $24.84.

Institutional Investors Weigh In On AGNC Investment

A hedge fund recently bought a new stake in AGNC Investment stock. Kelleher Financial Advisors purchased a new stake in shares of AGNC Investment Corp. (NASDAQ:AGNCMFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 9,792 shares of the company’s stock, valued at approximately $240,000.

About AGNC Investment

(Get Free Report)

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.

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