8,265 Shares in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) Acquired by BXM Wealth LLC

BXM Wealth LLC purchased a new position in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 8,265 shares of the company’s stock, valued at approximately $1,394,000. Direxion Daily S&P 500 Bull 3X accounts for 2.0% of BXM Wealth LLC’s portfolio, making the stock its 12th biggest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC bought a new position in Direxion Daily S&P 500 Bull 3X during the third quarter worth $643,000. HighTower Advisors LLC increased its holdings in shares of Direxion Daily S&P 500 Bull 3X by 1.3% during the third quarter. HighTower Advisors LLC now owns 5,722 shares of the company’s stock valued at $939,000 after purchasing an additional 76 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Direxion Daily S&P 500 Bull 3X by 49.9% during the third quarter. JPMorgan Chase & Co. now owns 16,220 shares of the company’s stock valued at $2,659,000 after purchasing an additional 5,399 shares during the period. Private Advisor Group LLC increased its holdings in shares of Direxion Daily S&P 500 Bull 3X by 5.5% during the third quarter. Private Advisor Group LLC now owns 1,447 shares of the company’s stock valued at $237,000 after purchasing an additional 75 shares during the period. Finally, Townsquare Capital LLC grew its holdings in Direxion Daily S&P 500 Bull 3X by 189.6% during the third quarter. Townsquare Capital LLC now owns 5,068 shares of the company’s stock worth $831,000 after acquiring an additional 3,318 shares during the period.

Direxion Daily S&P 500 Bull 3X Stock Down 0.1 %

NYSEARCA:SPXL opened at $185.97 on Friday. Direxion Daily S&P 500 Bull 3X has a 52-week low of $111.54 and a 52-week high of $190.34. The firm has a market cap of $5.92 billion, a P/E ratio of 33.36 and a beta of 2.99. The business’s 50-day moving average price is $178.11 and its 200 day moving average price is $166.91.

Direxion Daily S&P 500 Bull 3X Profile

Direxion Daily S&P 500 Bull 3X Shares, formerly Direxion Daily Large Cap Bull 3X Shares, seeks daily investment results of 300% of the price performance of the S&P 500 Index. The S&P 500 Index is a capitalization-weighted index composed of 500 domestic common stocks. Standard & Poor’s selects the 500 stocks comprising the Index on the basis of market values and industry diversification.