Soltis Investment Advisors LLC Trims Stock Holdings in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL)

Soltis Investment Advisors LLC lowered its holdings in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) by 11.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,364 shares of the exchange traded fund’s stock after selling 996 shares during the period. Soltis Investment Advisors LLC’s holdings in Direxion Daily Technology Bull 3X Shares were worth $667,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sollinda Capital Management LLC bought a new position in Direxion Daily Technology Bull 3X Shares during the 3rd quarter worth approximately $20,933,000. Axxcess Wealth Management LLC bought a new position in Direxion Daily Technology Bull 3X Shares during the 3rd quarter worth approximately $3,473,000. Larson Financial Group LLC lifted its holdings in Direxion Daily Technology Bull 3X Shares by 1,753.3% during the 3rd quarter. Larson Financial Group LLC now owns 6,746 shares of the exchange traded fund’s stock worth $591,000 after buying an additional 6,382 shares during the last quarter. Plotkin Financial Advisors LLC bought a new position in Direxion Daily Technology Bull 3X Shares during the 3rd quarter worth approximately $451,000. Finally, Oxinas Partners Wealth Management LLC lifted its holdings in Direxion Daily Technology Bull 3X Shares by 22.0% during the 4th quarter. Oxinas Partners Wealth Management LLC now owns 23,304 shares of the exchange traded fund’s stock worth $2,110,000 after buying an additional 4,205 shares during the last quarter.

Direxion Daily Technology Bull 3X Shares Trading Up 4.4 %

Shares of NYSEARCA TECL opened at $91.72 on Tuesday. The company has a market cap of $3.89 billion, a price-to-earnings ratio of 50.15 and a beta of 4.03. Direxion Daily Technology Bull 3X Shares has a 12-month low of $54.80 and a 12-month high of $112.78. The stock’s 50 day simple moving average is $93.38 and its 200 day simple moving average is $87.97.

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.