BXM Wealth LLC Takes $1.39 Million Position in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

BXM Wealth LLC acquired a new stake in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,265 shares of the company’s stock, valued at approximately $1,394,000. Direxion Daily S&P 500 Bull 3X accounts for about 2.0% of BXM Wealth LLC’s investment portfolio, making the stock its 12th biggest holding.

Other institutional investors also recently added to or reduced their stakes in the company. Net Worth Advisory Group acquired a new stake in Direxion Daily S&P 500 Bull 3X during the third quarter worth approximately $328,000. Embree Financial Group increased its holdings in shares of Direxion Daily S&P 500 Bull 3X by 79.0% in the 3rd quarter. Embree Financial Group now owns 4,475 shares of the company’s stock valued at $734,000 after acquiring an additional 1,975 shares during the period. Private Advisor Group LLC increased its holdings in shares of Direxion Daily S&P 500 Bull 3X by 5.5% in the 3rd quarter. Private Advisor Group LLC now owns 1,447 shares of the company’s stock valued at $237,000 after acquiring an additional 75 shares during the period. Pathway Financial Advisers LLC increased its holdings in shares of Direxion Daily S&P 500 Bull 3X by 16,142.4% in the 3rd quarter. Pathway Financial Advisers LLC now owns 5,360 shares of the company’s stock valued at $879,000 after acquiring an additional 5,327 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Direxion Daily S&P 500 Bull 3X in the 3rd quarter valued at $643,000.

Direxion Daily S&P 500 Bull 3X Price Performance

Shares of Direxion Daily S&P 500 Bull 3X stock opened at $185.97 on Friday. The firm’s fifty day simple moving average is $178.11 and its 200-day simple moving average is $166.91. The stock has a market capitalization of $5.92 billion, a price-to-earnings ratio of 33.36 and a beta of 2.99. Direxion Daily S&P 500 Bull 3X has a 12 month low of $111.54 and a 12 month high of $190.34.

About Direxion Daily S&P 500 Bull 3X

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.