Direxion Daily Technology Bull 3X Shares $TECL Shares Sold by Modern Wealth Management LLC

Modern Wealth Management LLC reduced its holdings in shares of Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) by 85.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,254 shares of the exchange traded fund’s stock after selling 24,104 shares during the quarter. Modern Wealth Management LLC’s holdings in Direxion Daily Technology Bull 3X Shares were worth $384,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TECL. Northwestern Mutual Wealth Management Co. grew its position in shares of Direxion Daily Technology Bull 3X Shares by 99.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 601 shares of the exchange traded fund’s stock valued at $56,000 after purchasing an additional 300 shares during the last quarter. Jump Financial LLC acquired a new position in shares of Direxion Daily Technology Bull 3X Shares during the 2nd quarter worth approximately $1,963,000. Raymond James Financial Inc. purchased a new stake in Direxion Daily Technology Bull 3X Shares in the 2nd quarter valued at approximately $94,000. Two Sigma Securities LLC purchased a new stake in Direxion Daily Technology Bull 3X Shares in the 2nd quarter valued at approximately $872,000. Finally, Tower Research Capital LLC TRC acquired a new stake in Direxion Daily Technology Bull 3X Shares during the 2nd quarter valued at $2,299,000.

Direxion Daily Technology Bull 3X Shares Stock Performance

Direxion Daily Technology Bull 3X Shares stock opened at $172.59 on Tuesday. The stock has a fifty day moving average of $210.84 and a two-hundred day moving average of $151.48. The company has a market capitalization of $5.01 billion, a price-to-earnings ratio of 36.87 and a beta of 4.11. Direxion Daily Technology Bull 3X Shares has a fifty-two week low of $75.16 and a fifty-two week high of $275.40.

Direxion Daily Technology Bull 3X Shares 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.