BlackRock Inc. purchased 64,594,088 shares of AGNC Investment Corp. during the second quarter. The new position is valued at approximately $704.1 million. BlackRock now holds a 5.45% ownership stake in the real estate investment trust. The firm disclosed the transaction in its latest Securities and Exchange Commission filing.
Compass Financial Management LLC also acquired 352,260 shares for approximately $3.78 million. Institutional investors now control 38.28% of AGNC’s total outstanding stock.
Market analysts currently maintain a consensus Hold rating on the company.