EP Wealth Advisors LLC Decreases Stake in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

EP Wealth Advisors LLC lowered its stake in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) by 6.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,618 shares of the company’s stock after selling 246 shares during the period. EP Wealth Advisors LLC’s holdings in Direxion Daily S&P 500 Bull 3X were worth $610,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. PNC Financial Services Group Inc. purchased a new position in shares of Direxion Daily S&P 500 Bull 3X in the fourth quarter worth $34,000. IFP Advisors Inc acquired a new stake in shares of Direxion Daily S&P 500 Bull 3X in the fourth quarter worth $67,000. Bank of America Corp DE increased its stake in shares of Direxion Daily S&P 500 Bull 3X by 14.6% in the fourth quarter. Bank of America Corp DE now owns 472 shares of the company’s stock worth $80,000 after acquiring an additional 60 shares during the period. PayPay Securities Corp increased its stake in shares of Direxion Daily S&P 500 Bull 3X by 55.4% in the fourth quarter. PayPay Securities Corp now owns 564 shares of the company’s stock worth $95,000 after acquiring an additional 201 shares during the period. Finally, Wealth Alliance Advisory Group LLC acquired a new stake in shares of Direxion Daily S&P 500 Bull 3X in the fourth quarter worth $203,000.

Direxion Daily S&P 500 Bull 3X Price Performance

NYSEARCA:SPXL opened at $134.52 on Monday. The firm has a market capitalization of $4.26 billion, a P/E ratio of 19.59 and a beta of 3.03. Direxion Daily S&P 500 Bull 3X has a 1-year low of $87.08 and a 1-year high of $190.34. The company’s fifty day moving average price is $130.26 and its 200-day moving average price is $160.71.

Direxion Daily S&P 500 Bull 3X 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.