Corient Private Wealth LLC Sells 120 Shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

Corient Private Wealth LLC cut its position in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,675 shares of the company’s stock after selling 120 shares during the quarter. Corient Private Wealth LLC’s holdings in Direxion Daily S&P 500 Bull 3X were worth $1,296,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. IFP Advisors Inc acquired a new stake in shares of Direxion Daily S&P 500 Bull 3X in the 4th quarter worth $67,000. HighTower Advisors LLC grew its stake in shares of Direxion Daily S&P 500 Bull 3X by 1.3% during the third quarter. HighTower Advisors LLC now owns 5,722 shares of the company’s stock worth $939,000 after acquiring an additional 76 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Direxion Daily S&P 500 Bull 3X by 49.9% during the third quarter. JPMorgan Chase & Co. now owns 16,220 shares of the company’s stock valued at $2,659,000 after acquiring an additional 5,399 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of Direxion Daily S&P 500 Bull 3X in the 4th quarter valued at approximately $749,000. Finally, Walleye Trading LLC acquired a new stake in Direxion Daily S&P 500 Bull 3X in the 3rd quarter worth approximately $248,000.

Direxion Daily S&P 500 Bull 3X Trading Up 0.4 %

Shares of Direxion Daily S&P 500 Bull 3X stock opened at $153.52 on Wednesday. Direxion Daily S&P 500 Bull 3X has a 12-month low of $111.54 and a 12-month high of $190.34. The firm’s 50 day simple moving average is $169.14 and its two-hundred day simple moving average is $170.04. The firm has a market capitalization of $4.75 billion, a price-to-earnings ratio of 23.45 and a beta of 3.12.

Direxion Daily S&P 500 Bull 3X Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th will be given a dividend of $0.4935 per share. The ex-dividend date of this dividend is Tuesday, March 25th. This is a boost from Direxion Daily S&P 500 Bull 3X’s previous dividend of $0.19.

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.