Ferguson Wellman Capital Management Inc. Takes $518,000 Position in Direxion Daily Financial Bull 3X Shares $FAS

Ferguson Wellman Capital Management Inc. bought a new position in shares of Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,911 shares of the real estate investment trust’s stock, valued at approximately $518,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FAS. Ellis Investment Partners LLC lifted its position in Direxion Daily Financial Bull 3X Shares by 13.0% during the 2nd quarter. Ellis Investment Partners LLC now owns 2,744 shares of the real estate investment trust’s stock worth $463,000 after acquiring an additional 315 shares during the period. Avestar Capital LLC increased its holdings in shares of Direxion Daily Financial Bull 3X Shares by 49.3% in the second quarter. Avestar Capital LLC now owns 23,590 shares of the real estate investment trust’s stock valued at $3,977,000 after purchasing an additional 7,792 shares during the period. Rovin Capital UT ADV raised its stake in shares of Direxion Daily Financial Bull 3X Shares by 12.6% during the second quarter. Rovin Capital UT ADV now owns 6,033 shares of the real estate investment trust’s stock worth $1,017,000 after purchasing an additional 675 shares during the last quarter. Insigneo Advisory Services LLC lifted its holdings in shares of Direxion Daily Financial Bull 3X Shares by 210.6% during the second quarter. Insigneo Advisory Services LLC now owns 7,374 shares of the real estate investment trust’s stock worth $1,243,000 after purchasing an additional 5,000 shares during the period. Finally, Simplex Trading LLC grew its position in Direxion Daily Financial Bull 3X Shares by 28.2% in the 2nd quarter. Simplex Trading LLC now owns 104,672 shares of the real estate investment trust’s stock valued at $17,647,000 after buying an additional 23,052 shares during the last quarter. Hedge funds and other institutional investors own 3.51% of the company’s stock.

Direxion Daily Financial Bull 3X Shares Stock Performance

Shares of Direxion Daily Financial Bull 3X Shares stock opened at $176.48 on Friday. Direxion Daily Financial Bull 3X Shares has a one year low of $92.66 and a one year high of $189.23. The company has a market cap of $2.55 billion, a P/E ratio of 15.11 and a beta of 3.02. The firm has a fifty day moving average of $166.91 and a two-hundred day moving average of $169.04.

Direxion Daily Financial Bull 3X Shares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 10th were issued a dividend of $12.0949 per share. This is an increase from Direxion Daily Financial Bull 3X Shares’s previous quarterly dividend of $0.39. This represents a $48.38 annualized dividend and a yield of 27.4%. The ex-dividend date of this dividend was Wednesday, December 10th.

Direxion Daily Financial Bull 3X Shares 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. The Fund invests in sectors, such as banks, diversified financial services, real estate investment trust, financial data and systems, asset management and custodian, securities brokerage and services, and consumer lending.