Meadowbrook Wealth Management LLC Buys Shares of 9,577 Direxion Daily NVDA Bull 2X Shares $NVDU

Meadowbrook Wealth Management LLC bought a new position in Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 9,577 shares of the company’s stock, valued at approximately $1,256,000. Direxion Daily NVDA Bull 2X Shares makes up approximately 1.3% of Meadowbrook Wealth Management LLC’s investment portfolio, making the stock its 18th largest holding.

Other institutional investors have also recently made changes to their positions in the company. Flow Traders U.S. LLC bought a new position in shares of Direxion Daily NVDA Bull 2X Shares during the 2nd quarter valued at $2,175,000. Wealthcare Advisory Partners LLC bought a new stake in shares of Direxion Daily NVDA Bull 2X Shares in the second quarter worth $396,000. Chicago Partners Investment Group LLC purchased a new stake in Direxion Daily NVDA Bull 2X Shares during the second quarter valued at $181,000. PNC Financial Services Group Inc. increased its position in Direxion Daily NVDA Bull 2X Shares by 850.0% during the second quarter. PNC Financial Services Group Inc. now owns 3,800 shares of the company’s stock valued at $376,000 after acquiring an additional 3,400 shares during the last quarter. Finally, Bogart Wealth LLC bought a new position in Direxion Daily NVDA Bull 2X Shares in the second quarter valued at about $40,000.

Direxion Daily NVDA Bull 2X Shares Stock Up 7.9%

Direxion Daily NVDA Bull 2X Shares stock opened at $112.08 on Friday. Direxion Daily NVDA Bull 2X Shares has a 52-week low of $32.63 and a 52-week high of $165.77. The company has a market cap of $535.74 million, a P/E ratio of 42.98 and a beta of 4.20. The business has a 50-day simple moving average of $125.13 and a two-hundred day simple moving average of $116.63.

Direxion Daily NVDA Bull 2X Shares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 10th were paid a $4.4389 dividend. This is a positive change from Direxion Daily NVDA Bull 2X Shares’s previous quarterly dividend of $0.50. The ex-dividend date was Wednesday, December 10th. This represents a $17.76 annualized dividend and a dividend yield of 15.8%.

Direxion Daily NVDA Bull 2X Shares Profile

The Direxion Daily NVDA Bull 2X Shares (NVDU) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 2x leveraged exposure, less fees and expenses, to the daily price movement for shares of NVIDIA stock. NVDU was launched on Sep 13, 2023 and is issued by Direxion.