Farther Finance Advisors LLC Invests $1.18 Million in Direxion Daily Technology Bull 3X Shares $TECL

Farther Finance Advisors LLC acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 9,494 shares of the exchange traded fund’s stock, valued at approximately $1,181,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Direxion Daily Technology Bull 3X Shares during the third quarter worth $43,000. Ameritas Advisory Services LLC bought a new position in shares of Direxion Daily Technology Bull 3X Shares during the 2nd quarter worth about $53,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Direxion Daily Technology Bull 3X Shares by 99.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 601 shares of the exchange traded fund’s stock worth $56,000 after acquiring an additional 300 shares during the period. Anchor Investment Management LLC acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares during the 2nd quarter valued at about $59,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares during the 2nd quarter valued at about $94,000.

Direxion Daily Technology Bull 3X Shares Stock Up 0.2%

NYSEARCA:TECL opened at $124.00 on Monday. Direxion Daily Technology Bull 3X Shares has a 12-month low of $32.52 and a 12-month high of $155.50. The firm has a market capitalization of $4.14 billion, a PE ratio of 36.87 and a beta of 3.66. The firm has a 50-day moving average price of $128.00 and a 200 day moving average price of $113.30.

Direxion Daily Technology Bull 3X Shares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 10th were issued a $8.0376 dividend. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $32.15 dividend on an annualized basis and a dividend yield of 25.9%.

Direxion Daily Technology Bull 3X Shares Company Profile

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.