Northwestern Mutual Wealth Management Co. Buys 13,858 Shares of Direxion Daily Financial Bull 3X Shares $FAS

Northwestern Mutual Wealth Management Co. grew its stake in shares of Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) by 3,447.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 14,260 shares of the real estate investment trust’s stock after acquiring an additional 13,858 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Direxion Daily Financial Bull 3X Shares were worth $2,400,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Qube Research & Technologies Ltd increased its holdings in shares of Direxion Daily Financial Bull 3X Shares by 5,950.9% during the third quarter. Qube Research & Technologies Ltd now owns 174,447 shares of the real estate investment trust’s stock valued at $31,034,000 after acquiring an additional 171,564 shares in the last quarter. IMC Chicago LLC increased its holdings in Direxion Daily Financial Bull 3X Shares by 396.0% in the 3rd quarter. IMC Chicago LLC now owns 54,057 shares of the real estate investment trust’s stock worth $9,617,000 after buying an additional 43,158 shares in the last quarter. CIBC Bancorp USA Inc. bought a new stake in Direxion Daily Financial Bull 3X Shares in the 3rd quarter worth about $6,604,000. Virtu Financial LLC bought a new stake in Direxion Daily Financial Bull 3X Shares in the 3rd quarter worth about $4,392,000. Finally, Focus Partners Wealth bought a new stake in Direxion Daily Financial Bull 3X Shares in the 3rd quarter worth about $3,416,000. 3.51% of the stock is currently owned by institutional investors.

Direxion Daily Financial Bull 3X Shares Stock Performance

NYSEARCA FAS opened at $134.55 on Wednesday. Direxion Daily Financial Bull 3X Shares has a one year low of $106.90 and a one year high of $184.74. The stock has a 50-day moving average of $128.53 and a 200 day moving average of $146.68. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 15.11 and a beta of 2.66.

Direxion Daily Financial Bull 3X Shares Company Profile

Direxion Daily Financial Bull 3x Shares seeks daily investment results of 300% of the price performance of the Russell 1000 Financial Services Index (the Index). The Index is a subset of the Russell 1000 Index that measures the performance of the securities classified in the financial services sector of the large cap United States equity market. The Fund invests in sectors, such as banks, diversified financial services, real estate investment trust, financial data and systems, asset management and custodian, securities brokerage and services, and consumer lending.