Northwestern Mutual Wealth Management Co. Increases Stock Holdings in Direxion Daily Financial Bull 3X Shares $FAS

Northwestern Mutual Wealth Management Co. increased its holdings in Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) by 3,447.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,260 shares of the real estate investment trust’s stock after acquiring an additional 13,858 shares during the quarter. Northwestern Mutual Wealth Management Co. owned about 0.09% of Direxion Daily Financial Bull 3X Shares worth $2,400,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Morse Asset Management Inc lifted its position in Direxion Daily Financial Bull 3X Shares by 31.9% during the third quarter. Morse Asset Management Inc now owns 327 shares of the real estate investment trust’s stock valued at $58,000 after buying an additional 79 shares during the period. Bogart Wealth LLC lifted its position in Direxion Daily Financial Bull 3X Shares by 14.3% during the fourth quarter. Bogart Wealth LLC now owns 800 shares of the real estate investment trust’s stock valued at $135,000 after buying an additional 100 shares during the period. Cresset Asset Management LLC purchased a new position in Direxion Daily Financial Bull 3X Shares during the third quarter valued at $202,000. J.W. Cole Advisors Inc. purchased a new position in Direxion Daily Financial Bull 3X Shares during the third quarter valued at $206,000. Finally, StoneX Group Inc. purchased a new position in Direxion Daily Financial Bull 3X Shares during the second quarter valued at $215,000. Hedge funds and other institutional investors own 3.51% of the company’s stock.

Direxion Daily Financial Bull 3X Shares Trading Down 0.3%

Shares of Direxion Daily Financial Bull 3X Shares stock opened at $134.55 on Wednesday. The firm has a market capitalization of $2.09 billion, a P/E ratio of 15.11 and a beta of 2.66. The business has a fifty day simple moving average of $128.53 and a two-hundred day simple moving average of $146.68. Direxion Daily Financial Bull 3X Shares has a 12 month low of $106.90 and a 12 month high of $184.74.

Direxion Daily Financial Bull 3X Shares 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. The Fund invests in sectors, such as banks, diversified financial services, real estate investment trust, financial data and systems, asset management and custodian, securities brokerage and services, and consumer lending.