PNC Financial Services Group Inc. Buys 8,000 Shares of Direxion Daily Technology Bull 3X Shares $TECL

PNC Financial Services Group Inc. grew its stake in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) by 14.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,020 shares of the exchange traded fund’s stock after buying an additional 8,000 shares during the period. PNC Financial Services Group Inc.’s holdings in Direxion Daily Technology Bull 3X Shares were worth $5,454,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. West Michigan Advisors LLC raised its position in shares of Direxion Daily Technology Bull 3X Shares by 2.0% during the 4th quarter. West Michigan Advisors LLC now owns 5,100 shares of the exchange traded fund’s stock valued at $599,000 after buying an additional 100 shares in the last quarter. Barclays PLC grew its position in Direxion Daily Technology Bull 3X Shares by 1.6% in the third quarter. Barclays PLC now owns 6,250 shares of the exchange traded fund’s stock worth $777,000 after acquiring an additional 100 shares in the last quarter. Millington Financial Advisors LLC increased its stake in Direxion Daily Technology Bull 3X Shares by 2.7% in the fourth quarter. Millington Financial Advisors LLC now owns 4,656 shares of the exchange traded fund’s stock valued at $500,000 after acquiring an additional 123 shares during the last quarter. Socha Financial Group LLC increased its stake in Direxion Daily Technology Bull 3X Shares by 4.5% in the fourth quarter. Socha Financial Group LLC now owns 2,960 shares of the exchange traded fund’s stock valued at $348,000 after acquiring an additional 127 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its position in Direxion Daily Technology Bull 3X Shares by 2.5% during the fourth 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.

Direxion Daily Technology Bull 3X Shares Stock Down 2.5%

NYSEARCA TECL opened at $172.59 on Tuesday. The stock’s 50-day simple moving average is $210.84 and its two-hundred day simple moving average is $151.48. Direxion Daily Technology Bull 3X Shares has a twelve month low of $75.16 and a twelve month high of $275.40. The company has a market capitalization of $5.01 billion, a price-to-earnings ratio of 36.87 and a beta of 4.11.

Direxion Daily Technology Bull 3X Shares 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.