Stratos Wealth Advisors LLC Purchases Shares of 1,620 Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS)

Stratos Wealth Advisors LLC purchased a new stake in shares of Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) in the third quarter, HoldingsChannel.com reports. The firm purchased 1,620 shares of the real estate investment trust’s stock, valued at approximately $210,000.

A number of other institutional investors have also recently added to or reduced their stakes in FAS. Strategic Financial Concepts LLC purchased a new stake in Direxion Daily Financial Bull 3X Shares during the second quarter valued at about $44,000. Virtu Financial LLC purchased a new stake in shares of Direxion Daily Financial Bull 3X Shares in the second quarter worth about $1,149,000. Toth Financial Advisory Corp boosted its position in shares of Direxion Daily Financial Bull 3X Shares by 134.9% in the first quarter. Toth Financial Advisory Corp now owns 12,325 shares of the real estate investment trust’s stock worth $1,383,000 after buying an additional 7,078 shares during the period. Edge Financial Advisors LLC purchased a new stake in shares of Direxion Daily Financial Bull 3X Shares in the first quarter worth about $438,000. Finally, Capital CS Group LLC purchased a new stake in shares of Direxion Daily Financial Bull 3X Shares in the second quarter worth about $374,000. Hedge funds and other institutional investors own 3.51% of the company’s stock.

Direxion Daily Financial Bull 3X Shares Stock Down 0.4 %

Shares of NYSEARCA FAS opened at $144.75 on Wednesday. Direxion Daily Financial Bull 3X Shares has a 1-year low of $48.73 and a 1-year high of $151.04. The business has a 50-day moving average of $128.63 and a 200-day moving average of $113.27.

Direxion Daily Financial Bull 3X Shares Company Profile

Direxion Daily Financial Bull 3x Shares seeks daily investment results of 300% of the price performance of the Russell 1000 Financial Services Index (the Index). The Index is a subset of the Russell 1000 Index that measures the performance of the securities classified in the financial services sector of the large cap United States equity market.