IFP Advisors Inc Invests $67,000 in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL)

IFP Advisors Inc purchased a new position in shares of Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 400 shares of the company’s stock, valued at approximately $67,000.

Other institutional investors have also modified their holdings of the company. PayPay Securities Corp boosted its stake in shares of Direxion Daily S&P 500 Bull 3X by 55.4% during the 4th quarter. PayPay Securities Corp now owns 564 shares of the company’s stock worth $95,000 after acquiring an additional 201 shares in the last quarter. Larson Financial Group LLC boosted its stake in shares of Direxion Daily S&P 500 Bull 3X by 358.7% during the 3rd quarter. Larson Financial Group LLC now owns 1,188 shares of the company’s stock worth $195,000 after acquiring an additional 929 shares in the last quarter. Wealth Alliance Advisory Group LLC purchased a new stake in shares of Direxion Daily S&P 500 Bull 3X during the 4th quarter worth approximately $203,000. Trinity Legacy Partners LLC purchased a new stake in shares of Direxion Daily S&P 500 Bull 3X during the 3rd quarter worth approximately $223,000. Finally, Private Advisor Group LLC boosted its stake in shares of Direxion Daily S&P 500 Bull 3X by 5.5% during the 3rd quarter. Private Advisor Group LLC now owns 1,447 shares of the company’s stock worth $237,000 after acquiring an additional 75 shares in the last quarter.

Direxion Daily S&P 500 Bull 3X Stock Performance

SPXL stock opened at $160.50 on Thursday. Direxion Daily S&P 500 Bull 3X has a 1 year low of $111.54 and a 1 year high of $190.34. The stock’s 50 day moving average price is $176.54 and its 200 day moving average price is $170.50. The firm has a market cap of $4.82 billion, a P/E ratio of 25.69 and a beta of 3.10.

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.