Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) Shares Acquired by LPL Financial LLC

LPL Financial LLC increased its position in shares of Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) by 6.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,699 shares of the exchange traded fund’s stock after acquiring an additional 340 shares during the period. LPL Financial LLC’s holdings in Direxion Daily Technology Bull 3X Shares were worth $516,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. GFG Capital LLC purchased a new stake in shares of Direxion Daily Technology Bull 3X Shares during the fourth quarter worth $216,000. Millington Financial Advisors LLC increased its holdings in Direxion Daily Technology Bull 3X Shares by 7.4% during the 4th quarter. Millington Financial Advisors LLC now owns 3,059 shares of the exchange traded fund’s stock worth $252,000 after purchasing an additional 212 shares during the period. Merit Financial Group LLC acquired a new stake in Direxion Daily Technology Bull 3X Shares in the 4th quarter valued at about $275,000. Barclays PLC boosted its stake in shares of Direxion Daily Technology Bull 3X Shares by 28.9% in the 3rd quarter. Barclays PLC now owns 7,345 shares of the exchange traded fund’s stock valued at $643,000 after buying an additional 1,645 shares during the period. Finally, Johnson Investment Counsel Inc. acquired a new position in shares of Direxion Daily Technology Bull 3X Shares during the fourth quarter worth about $968,000.

Direxion Daily Technology Bull 3X Shares Stock Performance

TECL stock opened at $51.75 on Friday. Direxion Daily Technology Bull 3X Shares has a fifty-two week low of $32.52 and a fifty-two week high of $112.78. The company’s 50 day moving average price is $61.97 and its 200 day moving average price is $82.23. The firm has a market capitalization of $2.13 billion, a price-to-earnings ratio of 24.07 and a beta of 3.60.

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.