AE Wealth Management LLC Has $141,000 Stock Position in Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL)

AE Wealth Management LLC cut its holdings in shares of Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) by 18.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,007 shares of the company’s stock after selling 223 shares during the period. AE Wealth Management LLC’s holdings in Direxion Daily S&P 500 Bull 3x Shares were worth $141,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Highline Wealth Partners LLC bought a new stake in shares of Direxion Daily S&P 500 Bull 3x Shares during the 1st quarter valued at about $28,000. Beacon Capital Management LLC grew its holdings in Direxion Daily S&P 500 Bull 3x Shares by 169.1% during the first quarter. Beacon Capital Management LLC now owns 296 shares of the company’s stock worth $42,000 after buying an additional 186 shares in the last quarter. Park Square Financial Group LLC purchased a new stake in shares of Direxion Daily S&P 500 Bull 3x Shares in the fourth quarter valued at about $51,000. Bank of America Corp DE boosted its stake in shares of Direxion Daily S&P 500 Bull 3x Shares by 14.6% in the 4th quarter. Bank of America Corp DE now owns 472 shares of the company’s stock worth $80,000 after buying an additional 60 shares during the last quarter. Finally, IFP Advisors Inc grew its stake in Direxion Daily S&P 500 Bull 3x Shares by 57.5% in the 1st quarter. IFP Advisors Inc now owns 630 shares of the company’s stock valued at $88,000 after purchasing an additional 230 shares during the period.

Direxion Daily S&P 500 Bull 3x Shares Stock Down 5.0%

Shares of SPXL stock opened at $174.65 on Friday. Direxion Daily S&P 500 Bull 3x Shares has a 12-month low of $87.08 and a 12-month high of $190.72. The company has a 50 day moving average of $168.97 and a 200-day moving average of $156.73. The firm has a market cap of $5.35 billion, a P/E ratio of 25.10 and a beta of 3.08.

Direxion Daily S&P 500 Bull 3x Shares Company 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.