Halbert Hargrove Global Advisors LLC Buys New Position in Direxion Daily Technology Bull 3X Shares $TECL

Halbert Hargrove Global Advisors LLC purchased a new position in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,000 shares of the exchange traded fund’s stock, valued at approximately $346,000.

Other large investors have also added to or reduced their stakes in the company. Virtu Financial LLC increased its position in Direxion Daily Technology Bull 3X Shares by 1,035.9% during the 4th quarter. Virtu Financial LLC now owns 28,660 shares of the exchange traded fund’s stock valued at $3,367,000 after purchasing an additional 26,137 shares during the period. Kovitz Investment Group Partners LLC lifted its position in shares of Direxion Daily Technology Bull 3X Shares by 154.9% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 6,006 shares of the exchange traded fund’s stock worth $706,000 after purchasing an additional 3,650 shares during the period. Mercer Global Advisors Inc. ADV boosted its stake in shares of Direxion Daily Technology Bull 3X Shares by 2.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 5,245 shares of the exchange traded fund’s stock valued at $616,000 after purchasing an additional 130 shares in the last quarter. Onyx Bridge Wealth Group LLC increased its position in shares of Direxion Daily Technology Bull 3X Shares by 7.1% during the fourth quarter. Onyx Bridge Wealth Group LLC now owns 2,500 shares of the exchange traded fund’s stock valued at $294,000 after buying an additional 165 shares during the period. Finally, EP Wealth Advisors LLC purchased a new position in shares of Direxion Daily Technology Bull 3X Shares during the fourth quarter valued at about $4,947,000.

Direxion Daily Technology Bull 3X Shares Price Performance

TECL stock opened at $239.87 on Tuesday. Direxion Daily Technology Bull 3X Shares has a 1 year low of $75.16 and a 1 year high of $275.40. The company has a market cap of $7.83 billion, a P/E ratio of 36.87 and a beta of 4.12. The firm has a 50-day moving average of $189.73 and a 200 day moving average of $138.24.

About Direxion Daily Technology Bull 3X Shares

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.