202 Shares in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. purchased a new stake in Direxion Daily S&P 500 Bull 3X (NYSEARCA:SPXL) during the 4th quarter, Holdings Channel.com reports. The fund purchased 202 shares of the company’s stock, valued at approximately $34,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. IFP Advisors Inc bought a new position in Direxion Daily S&P 500 Bull 3X during the fourth quarter worth $67,000. PayPay Securities Corp lifted its position in shares of Direxion Daily S&P 500 Bull 3X by 55.4% in the 4th quarter. PayPay Securities Corp now owns 564 shares of the company’s stock worth $95,000 after buying an additional 201 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of Direxion Daily S&P 500 Bull 3X by 358.7% in the 3rd quarter. Larson Financial Group LLC now owns 1,188 shares of the company’s stock worth $195,000 after buying an additional 929 shares during the last quarter. Wealth Alliance Advisory Group LLC acquired a new position in shares of Direxion Daily S&P 500 Bull 3X in the 4th quarter valued at about $203,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Direxion Daily S&P 500 Bull 3X during the 4th quarter valued at about $224,000.

Direxion Daily S&P 500 Bull 3X Stock Performance

SPXL stock opened at $146.80 on Friday. 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 has a market capitalization of $4.54 billion, a price-to-earnings ratio of 23.45 and a beta of 3.12. The stock’s fifty day moving average is $168.13 and its two-hundred day moving average is $169.73.

Direxion Daily S&P 500 Bull 3X Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th will be paid a dividend of $0.4935 per share. The ex-dividend date of this dividend is Tuesday, March 25th. This is a boost from Direxion Daily S&P 500 Bull 3X’s previous dividend of $0.19.

About Direxion Daily S&P 500 Bull 3X

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.