Spire Wealth Management Has $3.31 Million Stock Holdings in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

Spire Wealth Management decreased its position in shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) by 13.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,601 shares of the company’s stock after selling 3,126 shares during the period. Spire Wealth Management owned approximately 0.06% of Direxion Daily S&P 500 Bull 3X worth $3,307,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC bought a new position in Direxion Daily S&P 500 Bull 3X during the 3rd quarter worth $643,000. HighTower Advisors LLC increased its position in shares of Direxion Daily S&P 500 Bull 3X by 1.3% in the third quarter. HighTower Advisors LLC now owns 5,722 shares of the company’s stock worth $939,000 after purchasing an additional 76 shares during the period. JPMorgan Chase & Co. increased its position in shares of Direxion Daily S&P 500 Bull 3X by 49.9% in the third quarter. JPMorgan Chase & Co. now owns 16,220 shares of the company’s stock worth $2,659,000 after purchasing an additional 5,399 shares during the period. Private Advisor Group LLC raised its stake in Direxion Daily S&P 500 Bull 3X by 5.5% in the third quarter. Private Advisor Group LLC now owns 1,447 shares of the company’s stock valued at $237,000 after purchasing an additional 75 shares in the last quarter. Finally, Townsquare Capital LLC lifted its position in Direxion Daily S&P 500 Bull 3X by 189.6% during the third quarter. Townsquare Capital LLC now owns 5,068 shares of the company’s stock worth $831,000 after purchasing an additional 3,318 shares during the period.

Direxion Daily S&P 500 Bull 3X Stock Down 1.7 %

SPXL stock opened at $179.98 on Monday. The company’s 50-day moving average price is $178.77 and its two-hundred day moving average price is $164.74. The firm has a market cap of $5.73 billion, a P/E ratio of 33.36 and a beta of 2.99. Direxion Daily S&P 500 Bull 3X has a 12 month low of $107.49 and a 12 month high of $190.34.

Direxion Daily S&P 500 Bull 3X Company Profile

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.