Direxion HCM Tactical Enhanced U.S. ETF $HCMT Shares Purchased by Arete Wealth Advisors LLC

Arete Wealth Advisors LLC boosted its stake in Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) by 66.8% during the third quarter, Holdings Channel.com reports. The institutional investor owned 134,914 shares of the company’s stock after acquiring an additional 54,015 shares during the period. Arete Wealth Advisors LLC’s holdings in Direxion HCM Tactical Enhanced U.S. ETF were worth $5,058,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of HCMT. Osaic Holdings Inc. raised its stake in Direxion HCM Tactical Enhanced U.S. ETF by 40.9% in the 2nd quarter. Osaic Holdings Inc. now owns 1,723 shares of the company’s stock valued at $56,000 after purchasing an additional 500 shares during the last quarter. Axxcess Wealth Management LLC acquired a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF during the 3rd quarter worth about $207,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Direxion HCM Tactical Enhanced U.S. ETF by 472.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,000 shares of the company’s stock worth $195,000 after buying an additional 4,951 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of Direxion HCM Tactical Enhanced U.S. ETF in the second quarter valued at approximately $240,000. Finally, AQR Capital Management LLC acquired a new stake in Direxion HCM Tactical Enhanced U.S. ETF during the first quarter worth approximately $253,000.

Direxion HCM Tactical Enhanced U.S. ETF Stock Performance

Shares of HCMT opened at $37.74 on Friday. Direxion HCM Tactical Enhanced U.S. ETF has a fifty-two week low of $24.58 and a fifty-two week high of $40.92. The stock has a fifty day moving average of $38.79 and a two-hundred day moving average of $37.84. The company has a market capitalization of $561.57 million, a PE ratio of 21.26 and a beta of 1.83.

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.