Direxion Daily Technology Bull 3X Shares $TECL Shares Sold by Modern Wealth Management LLC

Modern Wealth Management LLC cut its position in shares of Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) by 85.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,254 shares of the exchange traded fund’s stock after selling 24,104 shares during the quarter. Modern Wealth Management LLC’s holdings in Direxion Daily Technology Bull 3X Shares were worth $384,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. PNC Financial Services Group Inc. lifted its stake in shares of Direxion Daily Technology Bull 3X Shares by 14.5% during the first quarter. PNC Financial Services Group Inc. now owns 63,020 shares of the exchange traded fund’s stock valued at $5,454,000 after buying an additional 8,000 shares during the period. Halbert Hargrove Global Advisors LLC acquired a new stake in Direxion Daily Technology Bull 3X Shares during the first quarter worth approximately $346,000. Virtu Financial LLC grew its stake in Direxion Daily Technology Bull 3X Shares by 1,035.9% in the 4th quarter. Virtu Financial LLC now owns 28,660 shares of the exchange traded fund’s stock worth $3,367,000 after acquiring an additional 26,137 shares during the period. Kovitz Investment Group Partners LLC grew its stake in Direxion Daily Technology Bull 3X Shares by 154.9% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 6,006 shares of the exchange traded fund’s stock worth $706,000 after acquiring an additional 3,650 shares during the period. Finally, Mercer Global Advisors Inc. ADV raised its holdings in Direxion Daily Technology Bull 3X Shares by 2.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 5,245 shares of the exchange traded fund’s stock valued at $616,000 after acquiring an additional 130 shares during the last quarter.

Direxion Daily Technology Bull 3X Shares Stock Performance

Shares of TECL opened at $172.59 on Tuesday. Direxion Daily Technology Bull 3X Shares has a fifty-two week low of $75.16 and a fifty-two week high of $275.40. The company has a market capitalization of $5.01 billion, a PE ratio of 36.87 and a beta of 4.11. The stock has a fifty day moving average of $210.84 and a two-hundred day moving average of $151.48.

Direxion Daily Technology Bull 3X Shares Company Profile

The Direxion Daily Technology Bull 3X Shares (TECL) is an exchange-traded fund that is based on the Technology Select Sector index. The fund provides 3x leveraged exposure to a market-cap weighted index of US large-cap technology companies. TECL was launched on Dec 17, 2008 and is managed by Direxion.