Author: Ben Wong
Covestor model: Tactical and Opportunistic
Disclosure: Long IVR, AGNC and GLD
There have been some big changes in our portfolio this last month. I closed our underperforming Frontier Communications (FTR) position on May 14th. We picked up more of American Capital Agency (AGNC) as the stock hit my limit order of 31.
We now have a 38.5% position in AGNC. We allocated about 27% of our portfolio in a new position in SPDR Gold Shares (GLD) at 153. I plan and set a limit sell order at 170 for our GLD position. No changes to our Invesco Mortgage Capital (IVR) position.