Westwood Wealth Management Has $6.24 Million Stake in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)

Westwood Wealth Management trimmed its stake in shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) by 11.0% during the fourth quarter, HoldingsChannel reports. The fund owned 228,445 shares of the company’s stock after selling 28,275 shares during the quarter. Direxion Daily Semiconductors Bull 3x Shares comprises approximately 2.3% of Westwood Wealth Management’s holdings, making the stock its 10th largest position. Westwood Wealth Management’s holdings in Direxion Daily Semiconductors Bull 3x Shares were worth $6,239,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in SOXL. PayPay Securities Corp grew its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 21.6% in the 4th quarter. PayPay Securities Corp now owns 2,269 shares of the company’s stock worth $62,000 after acquiring an additional 403 shares in the last quarter. Anchor Investment Management LLC lifted its stake in Direxion Daily Semiconductors Bull 3x Shares by 83.6% during the third quarter. Anchor Investment Management LLC now owns 1,285 shares of the company’s stock worth $47,000 after purchasing an additional 585 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in Direxion Daily Semiconductors Bull 3x Shares by 70.6% in the fourth quarter. Lindbrook Capital LLC now owns 1,450 shares of the company’s stock worth $40,000 after purchasing an additional 600 shares during the period. Signaturefd LLC increased its stake in Direxion Daily Semiconductors Bull 3x Shares by 50.0% during the fourth quarter. Signaturefd LLC now owns 3,000 shares of the company’s stock valued at $82,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Farther Finance Advisors LLC acquired a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares during the fourth quarter worth $29,000.

Direxion Daily Semiconductors Bull 3x Shares Stock Performance

NYSEARCA SOXL opened at $8.73 on Friday. Direxion Daily Semiconductors Bull 3x Shares has a one year low of $8.18 and a one year high of $70.08. The company has a 50-day simple moving average of $22.68 and a 200-day simple moving average of $28.67. The firm has a market capitalization of $3.86 billion, a PE ratio of 22.62 and a beta of 4.11.

Direxion Daily Semiconductors Bull 3x Shares Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were paid a $0.0648 dividend. This is an increase from Direxion Daily Semiconductors Bull 3x Shares’s previous dividend of $0.06. The ex-dividend date was Tuesday, March 25th.

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.