Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) Stock Position Decreased by Westwood Wealth Management

Westwood Wealth Management trimmed its stake in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) by 1.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 33,475 shares of the company’s stock after selling 500 shares during the quarter. Direxion Daily S&P 500 Bull 3X makes up 2.0% of Westwood Wealth Management’s holdings, making the stock its 11th largest holding. Westwood Wealth Management owned about 0.11% of Direxion Daily S&P 500 Bull 3X worth $5,647,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of SPXL. PNC Financial Services Group Inc. acquired a new stake in Direxion Daily S&P 500 Bull 3X during the 4th quarter worth about $34,000. IFP Advisors Inc acquired a new stake in shares of Direxion Daily S&P 500 Bull 3X during the fourth quarter valued at approximately $67,000. PayPay Securities Corp lifted its position in shares of Direxion Daily S&P 500 Bull 3X by 55.4% in the 4th quarter. PayPay Securities Corp now owns 564 shares of the company’s stock valued at $95,000 after acquiring an additional 201 shares in the last quarter. Wealth Alliance Advisory Group LLC purchased a new stake in shares of Direxion Daily S&P 500 Bull 3X in the 4th quarter valued at approximately $203,000. Finally, Raymond James Financial Inc. acquired a new position in Direxion Daily S&P 500 Bull 3X in the 4th quarter worth approximately $224,000.

Direxion Daily S&P 500 Bull 3X Stock Down 18.0 %

Shares of NYSEARCA:SPXL opened at $101.50 on Friday. The company’s fifty day moving average is $162.03 and its two-hundred day moving average is $169.12. The company has a market cap of $2.92 billion, a P/E ratio of 22.84 and a beta of 3.03. Direxion Daily S&P 500 Bull 3X has a 12-month low of $101.12 and a 12-month high of $190.34.

Direxion Daily S&P 500 Bull 3X Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were paid a $0.4935 dividend. The ex-dividend date of this dividend was Tuesday, March 25th. This is an increase from Direxion Daily S&P 500 Bull 3X’s previous dividend of $0.19.

Direxion Daily S&P 500 Bull 3X 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.