Johnson Investment Counsel Inc. Takes $968,000 Position in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL)

Johnson Investment Counsel Inc. purchased a new position in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,691 shares of the exchange traded fund’s stock, valued at approximately $968,000.

Several other hedge funds have also recently made changes to their positions in TECL. SBI Securities Co. Ltd. bought a new position in Direxion Daily Technology Bull 3X Shares during the fourth quarter valued at approximately $21,703,000. Larson Financial Group LLC lifted its position in Direxion Daily Technology Bull 3X Shares by 1,753.3% during the third quarter. Larson Financial Group LLC now owns 6,746 shares of the exchange traded fund’s stock valued at $591,000 after purchasing an additional 6,382 shares during the period. Plotkin Financial Advisors LLC bought a new position in Direxion Daily Technology Bull 3X Shares during the third quarter valued at approximately $451,000. Oxinas Partners Wealth Management LLC lifted its position in Direxion Daily Technology Bull 3X Shares by 22.0% during the fourth quarter. Oxinas Partners Wealth Management LLC now owns 23,304 shares of the exchange traded fund’s stock valued at $2,110,000 after purchasing an additional 4,205 shares during the period. Finally, Merit Financial Group LLC bought a new position in Direxion Daily Technology Bull 3X Shares during the fourth quarter valued at approximately $275,000.

Direxion Daily Technology Bull 3X Shares Stock Up 4.7 %

Shares of Direxion Daily Technology Bull 3X Shares stock opened at $63.90 on Thursday. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 31.33 and a beta of 3.56. The company’s 50 day moving average is $87.06 and its 200 day moving average is $88.73. Direxion Daily Technology Bull 3X Shares has a twelve month low of $54.80 and a twelve month high of $112.78.

About Direxion Daily Technology Bull 3X Shares

The Direxion Daily Technology Bull 3X Shares (TECL) is an exchange-traded fund that is based on the Technology Select Sector index. The fund provides 3x leveraged exposure to a market-cap weighted index of US large-cap technology companies. TECL was launched on Dec 17, 2008 and is managed by Direxion.