Kingswood Wealth Advisors LLC Buys New Stake in Direxion Daily Technology Bull 3X Shares $TECL

Kingswood Wealth Advisors LLC bought a new stake in shares of Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,520 shares of the exchange traded fund’s stock, valued at approximately $329,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TECL. Headlands Technologies LLC acquired a new position in Direxion Daily Technology Bull 3X Shares during the first quarter valued at $35,000. Creative Financial Designs Inc. ADV acquired a new position in Direxion Daily Technology Bull 3X Shares during the first quarter valued at $45,000. Ameritas Advisory Services LLC acquired a new position in Direxion Daily Technology Bull 3X Shares during the second quarter valued at $53,000. Kelly Financial Services LLC acquired a new position in Direxion Daily Technology Bull 3X Shares during the second quarter valued at $204,000. Finally, PFG Investments LLC acquired a new position in Direxion Daily Technology Bull 3X Shares during the second quarter valued at $229,000.

Direxion Daily Technology Bull 3X Shares Stock Performance

TECL opened at $118.89 on Friday. Direxion Daily Technology Bull 3X Shares has a fifty-two week low of $32.52 and a fifty-two week high of $136.52. The company has a fifty day moving average of $111.52 and a two-hundred day moving average of $86.75. The stock has a market capitalization of $3.84 billion, a price-to-earnings ratio of 36.87 and a beta of 3.54.

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.