Westwood Wealth Management Trims Holdings in Direxion Daily S&P 500 Bull 3x Shares $SPXL

Westwood Wealth Management trimmed its stake in shares of Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) by 18.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 27,625 shares of the company’s stock after selling 6,400 shares during the quarter. Direxion Daily S&P 500 Bull 3x Shares accounts for about 2.1% of Westwood Wealth Management’s holdings, making the stock its 13th largest position. Westwood Wealth Management’s holdings in Direxion Daily S&P 500 Bull 3x Shares were worth $5,854,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE boosted its stake in 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 purchasing an additional 60 shares during the period. Main Street Group LTD lifted its holdings in shares of Direxion Daily S&P 500 Bull 3x Shares by 18.6% in the second quarter. Main Street Group LTD now owns 734 shares of the company’s stock worth $127,000 after buying an additional 115 shares in the last quarter. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Direxion Daily S&P 500 Bull 3x Shares in the third quarter worth about $26,000. Millington Financial Advisors LLC boosted its position in shares of Direxion Daily S&P 500 Bull 3x Shares by 4.8% in the second quarter. Millington Financial Advisors LLC now owns 4,108 shares of the company’s stock valued at $765,000 after acquiring an additional 187 shares during the period. Finally, Parallel Advisors LLC boosted its position in shares of Direxion Daily S&P 500 Bull 3x Shares by 38.1% in the second quarter. Parallel Advisors LLC now owns 725 shares of the company’s stock valued at $126,000 after acquiring an additional 200 shares during the period.

Direxion Daily S&P 500 Bull 3x Shares Trading Up 1.9%

Direxion Daily S&P 500 Bull 3x Shares stock opened at $231.82 on Monday. Direxion Daily S&P 500 Bull 3x Shares has a 1-year low of $87.08 and a 1-year high of $233.08. The firm has a market capitalization of $6.10 billion, a PE ratio of 25.10 and a beta of 3.03. The firm’s 50 day simple moving average is $219.74 and its 200 day simple moving average is $204.51.

Direxion Daily S&P 500 Bull 3x Shares 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. 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.