AGNC Investment (NASDAQ:AGNCL) Stock Price Down 0.5% – Should You Sell?

AGNC Investment Corp. (NASDAQ:AGNCL)’s share price traded down 0.5% during trading on Monday . The stock traded as low as $24.80 and last traded at $24.91. Approximately 37,781 shares changed hands during mid-day trading, an increase of 178% from the average session volume of 13,595 shares. The stock had previously closed at $25.03.

AGNC Investment Stock Performance

The stock has a 50 day moving average price of $24.97 and a 200 day moving average price of $24.93.

AGNC Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were issued a $0.4844 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 7.7%. The ex-dividend date was Wednesday, July 1st.

About AGNC Investment

AGNC Investment Corp. is a real estate investment trust that specializes in investing in U.S. agency residential mortgage–backed securities guaranteed by government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company seeks to generate income by capturing the spread between the yields on its mortgage assets and its cost of funds, utilizing leverage provided primarily through short-term repurchase agreements with major financial institutions.

The firm’s portfolio is comprised of fixed-rate and adjustable-rate mortgage pools, with holdings diversified across coupons, vintages and collateral characteristics to manage prepayment and extension risk.