RWA Wealth Partners LLC Takes $325,000 Position in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)

RWA Wealth Partners LLC purchased a new stake in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) in the fourth quarter, HoldingsChannel reports. The firm purchased 10,365 shares of the company’s stock, valued at approximately $325,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. AlphaMark Advisors LLC raised its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 313.6% in the fourth quarter. AlphaMark Advisors LLC now owns 910 shares of the company’s stock valued at $29,000 after buying an additional 690 shares in the last quarter. Stratos Wealth Advisors LLC raised its position in Direxion Daily Semiconductors Bull 3x Shares by 11.4% during the third quarter. Stratos Wealth Advisors LLC now owns 10,060 shares of the company’s stock valued at $190,000 after purchasing an additional 1,032 shares in the last quarter. Barclays PLC raised its position in Direxion Daily Semiconductors Bull 3x Shares by 3.7% during the third quarter. Barclays PLC now owns 36,499 shares of the company’s stock valued at $688,000 after purchasing an additional 1,300 shares in the last quarter. Lindbrook Capital LLC raised its position in Direxion Daily Semiconductors Bull 3x Shares by 362.5% during the fourth quarter. Lindbrook Capital LLC now owns 1,850 shares of the company’s stock valued at $58,000 after purchasing an additional 1,450 shares in the last quarter. Finally, PayPay Securities Corp raised its position in Direxion Daily Semiconductors Bull 3x Shares by 42.3% during the third quarter. PayPay Securities Corp now owns 5,378 shares of the company’s stock valued at $101,000 after purchasing an additional 1,599 shares in the last quarter.

Direxion Daily Semiconductors Bull 3x Shares Stock Performance

Shares of NYSEARCA:SOXL opened at $37.41 on Friday. The company has a fifty day moving average of $42.84 and a 200-day moving average of $31.96. The company has a market capitalization of $8.99 billion, a PE ratio of 42.92 and a beta of 5.29. Direxion Daily Semiconductors Bull 3x Shares has a 52-week low of $12.52 and a 52-week high of $56.99.

Direxion Daily Semiconductors Bull 3x Shares Profile

The Direxion Daily Semiconductor Bull 3X Shares (SOXL) is an exchange-traded fund that is based on the ICE Semiconductor index. The fund provides 3x daily exposure to a modified market-cap-weighted index of 30 US-listed semiconductor companies. SOXL was launched on Mar 11, 2010 and is managed by Direxion.