AGNC Investment Corp. (NASDAQ:AGNCM – Get 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:AGNCM – Free 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
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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