AGNC Investment (NASDAQ:AGNCM) Stock Price Up 0.2% – Still a Buy?

AGNC Investment Corp. (NASDAQ:AGNCM) shares rose 0.2% during trading on Monday . The company traded as high as $24.91 and last traded at $24.90. Approximately 5,804 shares were traded during trading, a decline of 69% from the average daily volume of 18,549 shares. The stock had previously closed at $24.84.

AGNC Investment Trading Down 0.2%

The stock has a 50-day moving average of $24.64 and a 200 day moving average of $24.73.

AGNC Investment Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st were issued a dividend of $0.5166 per share. This represents a $2.07 annualized dividend and a yield of 8.3%. The ex-dividend date of this dividend was Wednesday, April 1st.

Hedge Funds Weigh In On AGNC Investment

A hedge fund recently bought a new stake in AGNC Investment stock. Kelleher Financial Advisors acquired a new stake in shares of AGNC Investment Corp. (NASDAQ:AGNCM) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (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.