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

Northwestern Mutual Wealth Management Co. increased its position in shares of 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 SEC. The institutional investor owned 517,118 shares of the company’s stock after buying an additional 516,575 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 0.27% of Direxion Daily Semiconductors Bull 3x Shares worth $21,734,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. ORG Wealth Partners LLC bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the fourth quarter worth about $36,000. Addison Advisors LLC bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares during the third quarter worth about $33,000. Raymond James Financial Inc. bought a new position in Direxion Daily Semiconductors Bull 3x Shares in the second quarter valued at approximately $25,000. Dakota Community Bank & Trust NA bought a new position in Direxion Daily Semiconductors Bull 3x Shares in the fourth quarter valued at approximately $113,000. Finally, Allworth Financial LP grew its stake in Direxion Daily Semiconductors Bull 3x Shares by 827.8% in the fourth quarter. Allworth Financial LP now owns 2,802 shares of the company’s stock valued at $118,000 after purchasing an additional 2,500 shares in the last quarter.

Direxion Daily Semiconductors Bull 3x Shares Stock Up 0.1%

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

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.