Soltis Investment Advisors LLC Trims Position in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

Soltis Investment Advisors LLC cut its position in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) by 19.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,726 shares of the company’s stock after selling 2,154 shares during the period. Soltis Investment Advisors LLC’s holdings in Direxion Daily S&P 500 Bull 3X were worth $1,472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Private Advisor Group LLC increased its stake in shares of Direxion Daily S&P 500 Bull 3X by 5.5% in the third quarter. Private Advisor Group LLC now owns 1,447 shares of the company’s stock worth $237,000 after purchasing an additional 75 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of Direxion Daily S&P 500 Bull 3X by 1.3% in the third quarter. HighTower Advisors LLC now owns 5,722 shares of the company’s stock worth $939,000 after purchasing an additional 76 shares in the last quarter. Summit Financial Strategies Inc. increased its stake in shares of Direxion Daily S&P 500 Bull 3X by 6.8% in the third quarter. Summit Financial Strategies Inc. now owns 3,285 shares of the company’s stock worth $539,000 after purchasing an additional 209 shares in the last quarter. Navigation Wealth Management Inc. grew its stake in Direxion Daily S&P 500 Bull 3X by 9.1% during the fourth quarter. Navigation Wealth Management Inc. now owns 2,792 shares of the company’s stock valued at $471,000 after acquiring an additional 233 shares in the last quarter. Finally, EP Wealth Advisors LLC grew its stake in Direxion Daily S&P 500 Bull 3X by 7.1% during the third quarter. EP Wealth Advisors LLC now owns 3,864 shares of the company’s stock valued at $634,000 after acquiring an additional 256 shares in the last quarter.

Direxion Daily S&P 500 Bull 3X Stock Performance

SPXL opened at $181.94 on Tuesday. The stock has a market capitalization of $5.79 billion, a price-to-earnings ratio of 33.36 and a beta of 2.99. The company has a fifty day moving average of $178.46 and a 200 day moving average of $166.11. Direxion Daily S&P 500 Bull 3X has a fifty-two week low of $111.54 and a fifty-two week high of $190.34.

Direxion Daily S&P 500 Bull 3X Company 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.