54,353 Shares in Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) Bought by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC purchased a new stake in shares of Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 54,353 shares of the real estate investment trust’s stock, valued at approximately $8,206,000. Strategic Financial Concepts LLC owned approximately 0.33% of Direxion Daily Financial Bull 3X Shares at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in FAS. Avestar Capital LLC purchased a new position in shares of Direxion Daily Financial Bull 3X Shares during the 4th quarter valued at about $4,180,000. Toth Financial Advisory Corp boosted its stake in Direxion Daily Financial Bull 3X Shares by 1.9% during the 3rd quarter. Toth Financial Advisory Corp now owns 13,403 shares of the real estate investment trust’s stock worth $1,740,000 after purchasing an additional 250 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Direxion Daily Financial Bull 3X Shares by 11.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 8,132 shares of the real estate investment trust’s stock valued at $1,055,000 after acquiring an additional 832 shares in the last quarter. Captrust Financial Advisors grew its position in shares of Direxion Daily Financial Bull 3X Shares by 20.4% in the third quarter. Captrust Financial Advisors now owns 4,920 shares of the real estate investment trust’s stock valued at $639,000 after purchasing an additional 835 shares in the last quarter. Finally, Edge Financial Advisors LLC acquired a new stake in shares of Direxion Daily Financial Bull 3X Shares in the 3rd quarter worth $443,000. 3.51% of the stock is owned by institutional investors and hedge funds.

Direxion Daily Financial Bull 3X Shares Trading Up 0.3 %

NYSEARCA:FAS opened at $181.33 on Friday. The company’s 50-day moving average is $163.87 and its two-hundred day moving average is $147.37. Direxion Daily Financial Bull 3X Shares has a 1-year low of $91.66 and a 1-year high of $187.15.

About Direxion Daily Financial Bull 3X Shares

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.