Kingswood Wealth Advisors LLC Makes New $479,000 Investment in Direxion Daily S&P 500 Bull 3x Shares $SPXL

Kingswood Wealth Advisors LLC bought a new position in Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 2,760 shares of the company’s stock, valued at approximately $479,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of America Corp DE lifted its position in Direxion Daily S&P 500 Bull 3x Shares by 14.6% in the fourth quarter. Bank of America Corp DE now owns 472 shares of the company’s stock valued at $80,000 after purchasing an additional 60 shares during the last quarter. Net Worth Advisory Group lifted its position in Direxion Daily S&P 500 Bull 3x Shares by 22.6% in the first quarter. Net Worth Advisory Group now owns 2,292 shares of the company’s stock valued at $322,000 after purchasing an additional 422 shares during the last quarter. PPSC Investment Service Corp lifted its position in Direxion Daily S&P 500 Bull 3x Shares by 1.7% in the first quarter. PPSC Investment Service Corp now owns 2,584,718 shares of the company’s stock valued at $362,869,000 after purchasing an additional 43,272 shares during the last quarter. PayPay Securities Corp lifted its position in Direxion Daily S&P 500 Bull 3x Shares by 62.1% in the first quarter. PayPay Securities Corp now owns 914 shares of the company’s stock valued at $128,000 after purchasing an additional 350 shares during the last quarter. Finally, Highline Wealth Partners LLC bought a new stake in Direxion Daily S&P 500 Bull 3x Shares in the first quarter valued at approximately $28,000.

Direxion Daily S&P 500 Bull 3x Shares Stock Performance

Shares of SPXL stock opened at $216.25 on Friday. Direxion Daily S&P 500 Bull 3x Shares has a fifty-two week low of $87.08 and a fifty-two week high of $218.88. The stock has a 50 day moving average price of $198.78 and a two-hundred day moving average price of $166.81. The company has a market capitalization of $5.97 billion, a P/E ratio of 25.10 and a beta of 3.08.

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