EP Wealth Advisors LLC Trims Stock Position in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL)

EP Wealth Advisors LLC reduced its stake in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) by 5.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 51,330 shares of the exchange traded fund’s stock after selling 2,724 shares during the quarter. EP Wealth Advisors LLC owned 0.12% of Direxion Daily Technology Bull 3X Shares worth $4,998,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Squarepoint Ops LLC acquired a new position in Direxion Daily Technology Bull 3X Shares in the 2nd quarter valued at $3,956,000. Ogborne Capital Management LLC purchased a new stake in shares of Direxion Daily Technology Bull 3X Shares during the 4th quarter worth $1,668,000. Virtu Financial LLC grew its stake in shares of Direxion Daily Technology Bull 3X Shares by 577.2% during the 2nd quarter. Virtu Financial LLC now owns 27,149 shares of the exchange traded fund’s stock worth $2,644,000 after purchasing an additional 23,140 shares during the period. Trinity Legacy Partners LLC acquired a new position in Direxion Daily Technology Bull 3X Shares during the second quarter worth about $988,000. Finally, Crescent Grove Advisors LLC acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares in the 2nd quarter worth approximately $977,000.

Direxion Daily Technology Bull 3X Shares Stock Performance

Direxion Daily Technology Bull 3X Shares stock opened at $87.53 on Tuesday. The firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of 50.15 and a beta of 4.03. Direxion Daily Technology Bull 3X Shares has a fifty-two week low of $39.02 and a fifty-two week high of $112.78. The stock’s fifty day moving average is $79.46 and its two-hundred day moving average is $82.91.

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.