Meadowbrook Wealth Management LLC Invests $1.26 Million in Direxion Daily NVDA Bull 2X Shares $NVDU

Meadowbrook Wealth Management LLC purchased a new position in Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 9,577 shares of the company’s stock, valued at approximately $1,256,000. Direxion Daily NVDA Bull 2X Shares makes up 1.3% of Meadowbrook Wealth Management LLC’s portfolio, making the stock its 18th biggest holding. Meadowbrook Wealth Management LLC owned about 0.19% of Direxion Daily NVDA Bull 2X Shares as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of NVDU. Bogart Wealth LLC purchased a new stake in Direxion Daily NVDA Bull 2X Shares in the second quarter worth about $40,000. SOA Wealth Advisors LLC. bought a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the 2nd quarter worth approximately $44,000. Western Pacific Wealth Management LP grew its stake in shares of Direxion Daily NVDA Bull 2X Shares by 103.3% in the 2nd quarter. Western Pacific Wealth Management LP now owns 1,000 shares of the company’s stock worth $99,000 after buying an additional 508 shares during the last quarter. Chicago Partners Investment Group LLC bought a new position in Direxion Daily NVDA Bull 2X Shares during the 2nd quarter valued at approximately $181,000. Finally, PNC Financial Services Group Inc. raised its stake in Direxion Daily NVDA Bull 2X Shares by 850.0% during the second quarter. PNC Financial Services Group Inc. now owns 3,800 shares of the company’s stock valued at $376,000 after buying an additional 3,400 shares during the last quarter.

Direxion Daily NVDA Bull 2X Shares Price Performance

Shares of NASDAQ:NVDU opened at $112.08 on Friday. The business has a fifty day moving average price of $125.13 and a 200-day moving average price of $116.63. The company has a market capitalization of $535.74 million, a PE ratio of 42.98 and a beta of 4.20. Direxion Daily NVDA Bull 2X Shares has a 1-year low of $32.63 and a 1-year high of $165.77.

Direxion Daily NVDA Bull 2X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 10th were paid a dividend of $4.4389 per share. The ex-dividend date was Wednesday, December 10th. This represents a $17.76 dividend on an annualized basis and a yield of 15.8%. This is an increase from Direxion Daily NVDA Bull 2X Shares’s previous quarterly dividend of $0.50.

Direxion Daily NVDA Bull 2X Shares Profile

The Direxion Daily NVDA Bull 2X Shares (NVDU) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 2x leveraged exposure, less fees and expenses, to the daily price movement for shares of NVIDIA stock. NVDU was launched on Sep 13, 2023 and is issued by Direxion.