Meridian Wealth Management LLC Makes New $226,000 Investment in Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS)

Meridian Wealth Management LLC purchased a new position in shares of Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 1,741 shares of the real estate investment trust’s stock, valued at approximately $226,000.

A number of other large investors have also recently made changes to their positions in FAS. Addison Advisors LLC bought a new position in shares of Direxion Daily Financial Bull 3X Shares in the 3rd quarter worth $39,000. Hollencrest Capital Management purchased a new stake in shares of Direxion Daily Financial Bull 3X Shares during the third quarter valued at $42,000. Strategic Financial Concepts LLC acquired a new position in shares of Direxion Daily Financial Bull 3X Shares in the 2nd quarter valued at $44,000. Silicon Valley Capital Partners purchased a new position in Direxion Daily Financial Bull 3X Shares in the 3rd quarter worth $64,000. Finally, Oakworth Capital Inc. acquired a new stake in Direxion Daily Financial Bull 3X Shares during the 3rd quarter worth about $197,000. 3.51% of the stock is owned by hedge funds and other institutional investors.

Direxion Daily Financial Bull 3X Shares Price Performance

Shares of FAS stock opened at $178.98 on Tuesday. Direxion Daily Financial Bull 3X Shares has a fifty-two week low of $67.66 and a fifty-two week high of $181.00. The stock’s 50-day simple moving average is $144.88 and its 200-day simple moving average is $123.03.

Direxion Daily Financial Bull 3X Shares 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.