Direxion HCM Tactical Enhanced U.S. ETF $HCMT Shares Acquired by NewEdge Advisors LLC

NewEdge Advisors LLC lifted its holdings in shares of Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) by 13.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 265,483 shares of the company’s stock after buying an additional 31,837 shares during the period. NewEdge Advisors LLC owned 1.82% of Direxion HCM Tactical Enhanced U.S. ETF worth $11,134,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in HCMT. Discipline Wealth Solutions LLC raised its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 301.7% during the 1st quarter. Discipline Wealth Solutions LLC now owns 1,057,983 shares of the company’s stock worth $37,230,000 after purchasing an additional 794,616 shares during the period. Orion Porfolio Solutions LLC grew its stake in Direxion HCM Tactical Enhanced U.S. ETF by 26.7% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 2,234,537 shares of the company’s stock worth $72,801,000 after buying an additional 470,325 shares during the last quarter. Parsonex Advisory Services Inc. bought a new position in Direxion HCM Tactical Enhanced U.S. ETF during the 4th quarter worth $5,992,000. Aegis Wealth Management Inc. acquired a new stake in Direxion HCM Tactical Enhanced U.S. ETF in the fourth quarter worth $2,509,000. Finally, LPL Financial LLC increased its position in Direxion HCM Tactical Enhanced U.S. ETF by 12.9% in the fourth quarter. LPL Financial LLC now owns 342,893 shares of the company’s stock worth $13,222,000 after buying an additional 39,131 shares during the period.

Direxion HCM Tactical Enhanced U.S. ETF Stock Performance

HCMT stock opened at $41.14 on Friday. The stock has a market capitalization of $601.47 million, a price-to-earnings ratio of 21.26 and a beta of 1.63. Direxion HCM Tactical Enhanced U.S. ETF has a 1 year low of $34.19 and a 1 year high of $43.19. The stock’s fifty day moving average is $40.61 and its two-hundred day moving average is $39.12.

Direxion HCM Tactical Enhanced U.S. ETF Company Profile

The Direxion HCM Tactical Enhanced US ETF (HCMT) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds that toggles between a 200% leveraged US equity position and a 100% investment to cash or cash equivalents based on a proprietary tactical indicator that identifies broad trends in the US equity markets. HCMT was launched on Jun 22, 2023 and is managed by Direxion.