Northwestern Mutual Wealth Management Co. Buys 516,575 Shares of Direxion Daily Semiconductors Bull 3x Shares $SOXL

Northwestern Mutual Wealth Management Co. raised its stake in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) by 95,133.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 517,118 shares of the company’s stock after purchasing an additional 516,575 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Direxion Daily Semiconductors Bull 3x Shares were worth $21,734,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of SOXL. Flow Traders U.S. LLC bought a new position in Direxion Daily Semiconductors Bull 3x Shares in the second quarter valued at approximately $258,000. NewEdge Advisors LLC acquired a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the second quarter valued at approximately $270,000. HUB Investment Partners LLC acquired a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the second quarter valued at approximately $326,000. Raymond James Financial Inc. acquired a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the second quarter valued at approximately $25,000. Finally, Bank of America Corp DE lifted its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 75.2% in the second quarter. Bank of America Corp DE now owns 174,241 shares of the company’s stock valued at $4,375,000 after buying an additional 74,815 shares during the last quarter.

Direxion Daily Semiconductors Bull 3x Shares Stock Up 0.1%

SOXL opened at $151.89 on Wednesday. Direxion Daily Semiconductors Bull 3x Shares has a 12-month low of $15.10 and a 12-month high of $191.29. The stock has a market cap of $20.58 billion, a price-to-earnings ratio of 35.63 and a beta of 5.55. The business has a 50 day moving average of $93.23 and a 200-day moving average of $66.06.

About Direxion Daily Semiconductors Bull 3x Shares

The Direxion Daily Semiconductor Bull 3X Shares (SOXL) is an exchange-traded fund that is based on the ICE Semiconductor index. The fund provides 3x daily exposure to a modified market-cap-weighted index of 30 US-listed semiconductor companies. SOXL was launched on Mar 11, 2010 and is managed by Direxion.