24,267 Shares in Direxion Daily S&P 500 Bull 3x Shares $SPXL Acquired by BXM Wealth LLC

BXM Wealth LLC bought a new position in Direxion Daily S&P 500 Bull 3x Shares (NYSEARCA:SPXL) during the 4th quarter, Holdings Channel reports. The institutional investor bought 24,267 shares of the company’s stock, valued at approximately $5,354,000.

A number of other hedge funds have also recently made changes to their positions in SPXL. Halbert Hargrove Global Advisors LLC bought a new position in shares of Direxion Daily S&P 500 Bull 3x Shares in the third quarter worth $26,000. Newbridge Financial Services Group Inc. raised its position in shares of Direxion Daily S&P 500 Bull 3x Shares by 384.4% in the third quarter. Newbridge Financial Services Group Inc. now owns 155 shares of the company’s stock worth $33,000 after buying an additional 123 shares in the last quarter. Anchor Investment Management LLC bought a new stake in Direxion Daily S&P 500 Bull 3x Shares during the second quarter valued at $52,000. Bank of America Corp DE grew its position 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, Thurston Springer Miller Herd & Titak Inc. grew its position in Direxion Daily S&P 500 Bull 3x Shares by 223.3% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 834 shares of the company’s stock worth $184,000 after buying an additional 576 shares in the last quarter.

Direxion Daily S&P 500 Bull 3x Shares Price Performance

Shares of NYSEARCA SPXL opened at $189.60 on Monday. The stock’s 50-day simple moving average is $210.36 and its two-hundred day simple moving average is $215.56. Direxion Daily S&P 500 Bull 3x Shares has a twelve month low of $87.08 and a twelve month high of $234.09. The firm has a market capitalization of $4.76 billion, a P/E 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.