2,075 Shares in Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) Purchased by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. acquired a new stake in shares of Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,075 shares of the real estate investment trust’s stock, valued at approximately $313,000.

Several other large investors also recently modified their holdings of the stock. Sanctuary Advisors LLC bought a new stake in shares of Direxion Daily Financial Bull 3X Shares in the 3rd quarter worth about $187,000. JPMorgan Chase & Co. bought a new stake in Direxion Daily Financial Bull 3X Shares during the third quarter worth about $191,000. PNC Financial Services Group Inc. increased its holdings in shares of Direxion Daily Financial Bull 3X Shares by 11.4% during the third quarter. PNC Financial Services Group Inc. now owns 8,132 shares of the real estate investment trust’s stock worth $1,055,000 after buying an additional 832 shares in the last quarter. Ellis Investment Partners LLC raised its stake in shares of Direxion Daily Financial Bull 3X Shares by 29.4% in the fourth quarter. Ellis Investment Partners LLC now owns 2,229 shares of the real estate investment trust’s stock valued at $336,000 after acquiring an additional 507 shares during the last quarter. Finally, Strategic Wealth Investment Group LLC acquired a new position in shares of Direxion Daily Financial Bull 3X Shares in the 4th quarter worth approximately $343,000. 3.51% of the stock is currently owned by institutional investors.

Direxion Daily Financial Bull 3X Shares Price Performance

NYSEARCA FAS opened at $156.44 on Friday. The stock’s 50 day simple moving average is $167.51 and its 200 day simple moving average is $154.97. Direxion Daily Financial Bull 3X Shares has a one year low of $92.06 and a one year high of $189.23. The firm has a market cap of $2.44 billion, a PE ratio of 14.21 and a beta of 3.18.

Direxion Daily Financial Bull 3X Shares Company Profile

Direxion Daily Financial Bull 3x Shares seeks daily investment results of 300% of the price performance of the Russell 1000 Financial Services Index (the Index). The Index is a subset of the Russell 1000 Index that measures the performance of the securities classified in the financial services sector of the large cap United States equity market.