JPMorgan Chase & Co. Has $210,000 Holdings in Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS)

JPMorgan Chase & Co. trimmed its stake in shares of Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) by 5.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,394 shares of the real estate investment trust’s stock after selling 81 shares during the period. JPMorgan Chase & Co.’s holdings in Direxion Daily Financial Bull 3X Shares were worth $210,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Ellis Investment Partners LLC grew its stake in Direxion Daily Financial Bull 3X Shares by 29.4% in the fourth quarter. Ellis Investment Partners LLC now owns 2,229 shares of the real estate investment trust’s stock valued at $336,000 after purchasing an additional 507 shares in the last quarter. Bogart Wealth LLC bought a new position in shares of Direxion Daily Financial Bull 3X Shares in the fourth quarter valued at $121,000. World Equity Group Inc. acquired a new position in Direxion Daily Financial Bull 3X Shares during the fourth quarter worth $207,000. Tocqueville Asset Management L.P. bought a new stake in Direxion Daily Financial Bull 3X Shares during the fourth quarter worth $313,000. Finally, Strategic Wealth Investment Group LLC acquired a new stake in Direxion Daily Financial Bull 3X Shares in the fourth quarter valued at $343,000. 3.51% of the stock is owned by institutional investors.

Direxion Daily Financial Bull 3X Shares Stock Performance

Shares of NYSEARCA:FAS opened at $147.66 on Friday. Direxion Daily Financial Bull 3X Shares has a 52-week low of $92.66 and a 52-week high of $189.23. The company has a 50-day simple moving average of $142.36 and a 200 day simple moving average of $156.16. The company has a market capitalization of $2.38 billion, a P/E ratio of 13.28 and a beta of 2.91.

Direxion Daily Financial Bull 3X Shares Company Profile

Direxion Daily Financial Bull 3x Shares seeks daily investment results of 300% of the price performance of the Russell 1000 Financial Services Index (the Index). The Index is a subset of the Russell 1000 Index that measures the performance of the securities classified in the financial services sector of the large cap United States equity market.