Common Cents closed out its position in AGNC on July 1. The remainder of the position was sold at $18.5 per share.
Common Cents Take: The position should have been closed out earlier (near $21) when it was evident that a fed rate hike would cause the stock to decline. There were no positive updates on the horizon at the time, and AGNC is going to have a difficult time managing its mortgage portfolio during a rising rate environment.
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