1,978 Shares in Direxion Daily S&P 500 Bull 3x Shares $SPXL Purchased by Walser Wealth Management Company A Ltd Liability Co

Walser Wealth Management Company A Ltd Liability Co purchased a new stake in shares of Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) in the 1st quarter, Holdings Channel reports. The fund purchased 1,978 shares of the company’s stock, valued at approximately $366,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SPXL. Betterment LLC grew its stake in Direxion Daily S&P 500 Bull 3x Shares by 3.6% during the fourth quarter. Betterment LLC now owns 1,622 shares of the company’s stock worth $358,000 after buying an additional 57 shares during the last quarter. Covestor Ltd raised its stake in shares of Direxion Daily S&P 500 Bull 3x Shares by 1.1% in the fourth quarter. Covestor Ltd now owns 5,389 shares of the company’s stock valued at $1,189,000 after acquiring an additional 60 shares during the last quarter. Bank of America Corp DE boosted its holdings 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 acquiring an additional 60 shares in the last quarter. Halbert Hargrove Global Advisors LLC boosted its holdings in shares of Direxion Daily S&P 500 Bull 3x Shares by 54.5% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 187 shares of the company’s stock worth $35,000 after acquiring an additional 66 shares in the last quarter. Finally, Raymond James Financial Inc. grew its position in Direxion Daily S&P 500 Bull 3x Shares by 8.5% during the 3rd quarter. Raymond James Financial Inc. now owns 1,439 shares of the company’s stock worth $305,000 after acquiring an additional 113 shares during the last quarter.

Direxion Daily S&P 500 Bull 3x Shares Stock Down 1.9%

SPXL stock traded down $5.29 during midday trading on Tuesday, reaching $270.52. 557,000 shares of the company’s stock traded hands, compared to its average volume of 2,786,045. The company has a 50-day simple moving average of $266.43 and a two-hundred day simple moving average of $234.12. Direxion Daily S&P 500 Bull 3x Shares has a 1-year low of $168.04 and a 1-year high of $289.00. The company has a market cap of $6.88 billion, a price-to-earnings ratio of 25.10 and a beta of 3.03.

About Direxion Daily S&P 500 Bull 3x Shares

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. Most of the stocks in the Index are issued by the 500 largest companies, in terms of the aggregate market value of their outstanding stock, and generally are listed on the New York Stock Exchange.