Fmr LLC Sells 1,411,694 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

On August 25, 2021, Fmr LLC sold 1,411,694 shares of AGNC Investment Corp. (NASDAQ:AGNC) for a total price of $37,896,000. The sale was made through the NASDAQ Global Select Market and represented approximately 2.5% of the company's outstanding common stock.

AGNC Investment Corp. is a real estate investment trust (REIT) that owns and operates multifamily apartments in the United States. The company was founded in 1987 and has its headquarters in Bethesda, Maryland. As of June 30, 2021, AGNC had a portfolio of 54,670 units across 19 states and the District of Columbia.

Fmr LLC is a limited liability company that was formed on July 1, 2021, by the spin-off of Fannie Mae's common stock ownership from its parent company, The Federal National Mortgage Association (FNMA). Fmr LLC was created to hold and manage FNMA's common stock ownership, which includes approximately 79.6 million shares of AGNC Investment Corp.

The sale of shares by Fmr LLC represents a transfer of ownership from the parent company to the newly formed subsidiary. The proceeds from the sale will be used by Fmr LLC to fund its operations and future investments.