Ferguson Wellman Capital Management Inc. Takes $763,000 Position in Direxion Daily S&P 500 Bull 3x Shares $SPXL

Ferguson Wellman Capital Management Inc. purchased a new stake in Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) during the third quarter, HoldingsChannel.com reports. The firm purchased 3,600 shares of the company’s stock, valued at approximately $763,000.

Several other large investors have also recently bought and sold shares of SPXL. Halbert Hargrove Global Advisors LLC acquired a new stake in Direxion Daily S&P 500 Bull 3x Shares in the third quarter valued at $26,000. Anchor Investment Management LLC acquired a new stake in shares of Direxion Daily S&P 500 Bull 3x Shares in the second quarter valued at about $52,000. FSA Wealth Management LLC purchased a new stake in Direxion Daily S&P 500 Bull 3x Shares during the second quarter worth about $54,000. Bank of America Corp DE boosted its holdings in Direxion Daily S&P 500 Bull 3x Shares by 14.6% during the fourth quarter. Bank of America Corp DE now owns 472 shares of the company’s stock worth $80,000 after buying an additional 60 shares in the last quarter. Finally, Beacon Capital Management LLC grew its position in Direxion Daily S&P 500 Bull 3x Shares by 92.6% during the second quarter. Beacon Capital Management LLC now owns 570 shares of the company’s stock worth $99,000 after buying an additional 274 shares during the period.

Direxion Daily S&P 500 Bull 3x Shares Trading Up 1.9%

Shares of Direxion Daily S&P 500 Bull 3x Shares stock opened at $231.82 on Friday. The company has a 50-day moving average of $219.74 and a two-hundred day moving average of $203.96. Direxion Daily S&P 500 Bull 3x Shares has a 12-month low of $87.08 and a 12-month high of $233.08. The stock has a market cap of $6.12 billion, a PE ratio of 25.10 and a beta of 3.03.

Direxion Daily S&P 500 Bull 3x Shares 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. Most of the stocks in the Index are issued by the 500 largest companies, in terms of the aggregate market value of their outstanding stock, and generally are listed on the New York Stock Exchange.