Halbert Hargrove Global Advisors LLC Acquires Shares of 4,000 Direxion Daily Technology Bull 3X Shares $TECL

Halbert Hargrove Global Advisors LLC bought a new position in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,000 shares of the exchange traded fund’s stock, valued at approximately $346,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. BankPlus Trust Department bought a new stake in Direxion Daily Technology Bull 3X Shares during the 4th quarter valued at $47,000. Northwestern Mutual Wealth Management Co. grew its holdings in Direxion Daily Technology Bull 3X Shares by 99.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 601 shares of the exchange traded fund’s stock worth $56,000 after acquiring an additional 300 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in Direxion Daily Technology Bull 3X Shares in the 4th quarter worth $88,000. Wealth Watch Advisors INC purchased a new position in shares of Direxion Daily Technology Bull 3X Shares in the third quarter valued at about $117,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Direxion Daily Technology Bull 3X Shares in the second quarter valued at about $94,000.

Direxion Daily Technology Bull 3X Shares Trading Up 1.4%

Shares of NYSEARCA:TECL opened at $239.87 on Tuesday. The company has a 50-day moving average price of $189.73 and a 200-day moving average price of $138.24. The company has a market cap of $7.83 billion, a price-to-earnings ratio of 36.87 and a beta of 4.12. Direxion Daily Technology Bull 3X Shares has a 12 month low of $75.16 and a 12 month high of $275.40.

Direxion Daily Technology Bull 3X Shares Company Profile

The Direxion Daily Technology Bull 3X Shares (TECL) is an exchange-traded fund that is based on the Technology Select Sector index. The fund provides 3x leveraged exposure to a market-cap weighted index of US large-cap technology companies. TECL was launched on Dec 17, 2008 and is managed by Direxion.