MTGE Investment Corp. (MTGE) Stake Lowered by BlackRock Inc.

BlackRock Inc. lessened its holdings in MTGE Investment Corp. (NASDAQ:MTGE) by 0.9% during the 2nd quarter, Holdings Channel reports. The firm owned 4,044,426 shares of the real estate investment trust’s stock after selling 36,688 shares during the period. BlackRock Inc. owned 0.09% of MTGE Investment worth $79,270,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Stevens Capital Management LP acquired a new position in shares of MTGE Investment in the 2nd quarter valued at $294,000. Allianz Asset Management GmbH lifted its stake in MTGE Investment by 7.0% during the 1st quarter. Allianz Asset Management GmbH now owns 357,499 shares of the real estate investment trust’s stock worth $6,399,000 after acquiring an additional 23,517 shares in the last quarter. ARP Americas LP acquired a new position in MTGE Investment during the 2nd quarter worth about $3,251,000. Swiss National Bank lifted its stake in MTGE Investment by 4.5% during the 1st quarter. Swiss National Bank now owns 79,700 shares of the real estate investment trust’s stock worth $1,427,000 after acquiring an additional 3,400 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in MTGE Investment by 63.4% during the 2nd quarter. Sei Investments Co. now owns 71,855 shares of the real estate investment trust’s stock worth $1,409,000 after acquiring an additional 27,889 shares in the last quarter. 77.16% of the stock is currently owned by institutional investors and hedge funds.

MTGE opened at $19.80 on Tuesday. MTGE Investment Corp. has a 12-month low of $16.15 and a 12-month high of $20.20. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 3.99. The stock has a market cap of $906.79 million, a P/E ratio of 9.66 and a beta of 0.15.

Separately, BidaskClub lowered MTGE Investment from a “hold” rating to a “sell” rating in a research note on Wednesday, August 29th.

About MTGE Investment

MTGE Investment Corp., formerly American Capital Mortgage Investment Corp., is a real estate investment trust. The Company invests in, finances and manages a leveraged portfolio of real estate-related investments, which include agency residential mortgage-backed securities (RMBS), non-agency securities, other mortgage-related investments and other real estate investments.

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Want to see what other hedge funds are holding MTGE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MTGE Investment Corp. (NASDAQ:MTGE).

Institutional Ownership by Quarter for MTGE Investment (NASDAQ:MTGE)

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