Avestar Capital LLC Purchases Shares of 27,777 Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS)

Avestar Capital LLC acquired a new position in shares of Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,777 shares of the real estate investment trust’s stock, valued at approximately $4,180,000. Avestar Capital LLC owned approximately 0.17% of Direxion Daily Financial Bull 3X Shares as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Strategic Financial Concepts LLC bought a new position in Direxion Daily Financial Bull 3X Shares during the 4th quarter worth about $8,206,000. Toth Financial Advisory Corp grew its holdings in shares of Direxion Daily Financial Bull 3X Shares by 1.9% during the third quarter. Toth Financial Advisory Corp now owns 13,403 shares of the real estate investment trust’s stock worth $1,740,000 after buying an additional 250 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Direxion Daily Financial Bull 3X Shares by 11.4% in 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 buying an additional 832 shares during the last quarter. Captrust Financial Advisors raised its position in Direxion Daily Financial Bull 3X Shares by 20.4% in the 3rd quarter. Captrust Financial Advisors now owns 4,920 shares of the real estate investment trust’s stock valued at $639,000 after buying an additional 835 shares during the last quarter. Finally, Edge Financial Advisors LLC bought a new stake in Direxion Daily Financial Bull 3X Shares in the 3rd quarter valued at approximately $443,000. 3.51% of the stock is currently owned by institutional investors and hedge funds.

Direxion Daily Financial Bull 3X Shares Stock Down 1.4 %

Shares of FAS opened at $176.88 on Thursday. Direxion Daily Financial Bull 3X Shares has a twelve month low of $86.26 and a twelve month high of $187.15. The company has a 50 day moving average of $163.50 and a 200-day moving average of $146.49.

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.