Westwood Wealth Management Sells 500 Shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

Westwood Wealth Management cut its holdings in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,475 shares of the company’s stock after selling 500 shares during the period. Direxion Daily S&P 500 Bull 3X makes up 2.0% of Westwood Wealth Management’s investment portfolio, making the stock its 11th biggest holding. Westwood Wealth Management’s holdings in Direxion Daily S&P 500 Bull 3X were worth $5,647,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of SPXL. Howard Capital Management Inc. lifted its stake in shares of Direxion Daily S&P 500 Bull 3X by 16.6% in the fourth quarter. Howard Capital Management Inc. now owns 2,418,951 shares of the company’s stock worth $408,077,000 after buying an additional 344,346 shares during the last quarter. Wealthstar Advisors LLC bought a new stake in Direxion Daily S&P 500 Bull 3X during the 4th quarter valued at approximately $50,038,000. SBI Securities Co. Ltd. acquired a new stake in Direxion Daily S&P 500 Bull 3X in the 4th quarter valued at approximately $24,552,000. Gainplan LLC grew its holdings in Direxion Daily S&P 500 Bull 3X by 275.2% in the 4th quarter. Gainplan LLC now owns 62,666 shares of the company’s stock valued at $10,572,000 after buying an additional 45,966 shares during the last quarter. Finally, Members Advisory Group LLC bought a new position in Direxion Daily S&P 500 Bull 3X in the 4th quarter worth approximately $5,361,000.

Direxion Daily S&P 500 Bull 3X Trading Down 18.0 %

SPXL opened at $101.50 on Friday. The business has a 50 day moving average of $162.03 and a 200-day moving average of $169.12. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 22.84 and a beta of 3.03. Direxion Daily S&P 500 Bull 3X has a 1-year low of $101.12 and a 1-year high of $190.34.

Direxion Daily S&P 500 Bull 3X Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were paid a dividend of $0.4935 per share. This is a boost from Direxion Daily S&P 500 Bull 3X’s previous dividend of $0.19. The ex-dividend date was Tuesday, March 25th.

Direxion Daily S&P 500 Bull 3X Profile

Direxion Daily S&P 500 Bull 3X Shares, formerly Direxion Daily Large Cap Bull 3X Shares, seeks daily investment results of 300% of the price performance of the S&P 500 Index. The S&P 500 Index is a capitalization-weighted index composed of 500 domestic common stocks. Standard & Poor’s selects the 500 stocks comprising the Index on the basis of market values and industry diversification.