REDW Wealth LLC Acquires New Holdings in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)

REDW Wealth LLC acquired a new stake in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 20,000 shares of the company’s stock, valued at approximately $319,000.

Other institutional investors have also made changes to their positions in the company. BNP Paribas Financial Markets grew its holdings in Direxion Daily Semiconductors Bull 3x Shares by 117,087.5% in the 4th quarter. BNP Paribas Financial Markets now owns 300,000 shares of the company’s stock valued at $8,193,000 after buying an additional 299,744 shares during the last quarter. Simplex Trading LLC grew its holdings in Direxion Daily Semiconductors Bull 3x Shares by 30.8% in the 4th quarter. Simplex Trading LLC now owns 1,000,338 shares of the company’s stock valued at $27,319,000 after buying an additional 235,607 shares during the last quarter. Spire Wealth Management grew its holdings in Direxion Daily Semiconductors Bull 3x Shares by 14,970.5% in the 1st quarter. Spire Wealth Management now owns 197,122 shares of the company’s stock valued at $3,144,000 after buying an additional 195,814 shares during the last quarter. IMC Chicago LLC grew its holdings in Direxion Daily Semiconductors Bull 3x Shares by 83.3% in the 1st quarter. IMC Chicago LLC now owns 146,526 shares of the company’s stock valued at $2,337,000 after buying an additional 66,606 shares during the last quarter. Finally, LM Advisors LLC grew its holdings in Direxion Daily Semiconductors Bull 3x Shares by 667.3% in the 4th quarter. LM Advisors LLC now owns 75,200 shares of the company’s stock valued at $2,054,000 after buying an additional 65,400 shares during the last quarter.

Direxion Daily Semiconductors Bull 3x Shares Stock Up 1.5%

SOXL opened at $26.43 on Friday. The firm has a market capitalization of $14.47 billion, a P/E ratio of 35.63 and a beta of 4.08. The stock’s 50 day moving average price is $18.86 and its two-hundred day moving average price is $21.27. Direxion Daily Semiconductors Bull 3x Shares has a 12-month low of $7.23 and a 12-month high of $70.08.

Direxion Daily Semiconductors Bull 3x Shares Company Profile

The Direxion Daily Semiconductor Bull 3X Shares (SOXL) is an exchange-traded fund that is based on the ICE Semiconductor index. The fund provides 3x daily exposure to a modified market-cap-weighted index of 30 US-listed semiconductor companies. SOXL was launched on Mar 11, 2010 and is managed by Direxion.