EP Wealth Advisors LLC Has $4.10 Million Holdings in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL)

EP Wealth Advisors LLC trimmed its stake in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) by 13.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,276 shares of the exchange traded fund’s stock after selling 7,120 shares during the period. EP Wealth Advisors LLC owned about 0.11% of Direxion Daily Technology Bull 3X Shares worth $4,100,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Kane Investment Management Inc. acquired a new position in shares of Direxion Daily Technology Bull 3X Shares in the 4th quarter worth approximately $205,000. GFG Capital LLC bought a new position in Direxion Daily Technology Bull 3X Shares during the fourth quarter worth $216,000. Millington Financial Advisors LLC lifted its holdings in Direxion Daily Technology Bull 3X Shares by 7.4% in the fourth quarter. Millington Financial Advisors LLC now owns 3,059 shares of the exchange traded fund’s stock valued at $252,000 after buying an additional 212 shares during the period. Merit Financial Group LLC bought a new stake in Direxion Daily Technology Bull 3X Shares during the fourth quarter valued at $275,000. Finally, Bank of Montreal Can grew its holdings in Direxion Daily Technology Bull 3X Shares by 1,975.9% during the 4th quarter. Bank of Montreal Can now owns 4,214 shares of the exchange traded fund’s stock worth $382,000 after acquiring an additional 4,011 shares during the period.

Direxion Daily Technology Bull 3X Shares Trading Up 2.6 %

TECL stock opened at $61.18 on Friday. The firm has a market cap of $2.51 billion, a PE ratio of 24.07 and a beta of 3.60. The stock has a 50-day moving average price of $56.18 and a 200-day moving average price of $79.82. Direxion Daily Technology Bull 3X Shares has a 1-year low of $32.52 and a 1-year high of $112.78.

Direxion Daily Technology Bull 3X Shares Company Profile

The Direxion Daily Technology Bull 3X Shares (TECL) is an exchange-traded fund that is based on the Technology Select Sector index. The fund provides 3x leveraged exposure to a market-cap weighted index of US large-cap technology companies. TECL was launched on Dec 17, 2008 and is managed by Direxion.