Orion Porfolio Solutions LLC Has $84.99 Million Stock Position in Direxion HCM Tactical Enhanced U.S. ETF $HCMT

Orion Porfolio Solutions LLC raised its holdings in Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) by 1.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,266,959 shares of the company’s stock after purchasing an additional 32,422 shares during the quarter. Direxion HCM Tactical Enhanced U.S. ETF accounts for approximately 0.7% of Orion Porfolio Solutions LLC’s investment portfolio, making the stock its 22nd biggest position. Orion Porfolio Solutions LLC owned about 15.06% of Direxion HCM Tactical Enhanced U.S. ETF worth $84,988,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Envestnet Asset Management Inc. boosted its stake in Direxion HCM Tactical Enhanced U.S. ETF by 15.6% in the third quarter. Envestnet Asset Management Inc. now owns 226,206 shares of the company’s stock valued at $8,480,000 after buying an additional 30,502 shares in the last quarter. Global Assets Advisory LLC acquired a new position in Direxion HCM Tactical Enhanced U.S. ETF during the 3rd quarter worth approximately $585,000. Foundations Investment Advisors LLC boosted its position in Direxion HCM Tactical Enhanced U.S. ETF by 22.7% in the second quarter. Foundations Investment Advisors LLC now owns 221,406 shares of the company’s stock valued at $7,213,000 after buying an additional 41,033 shares in the last quarter. Atria Investments Inc grew its holdings in shares of Direxion HCM Tactical Enhanced U.S. ETF by 17.7% during the second quarter. Atria Investments Inc now owns 27,888 shares of the company’s stock worth $909,000 after purchasing an additional 4,185 shares during the last quarter. Finally, Optivise Advisory Services LLC increased its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF by 156.1% in the third quarter. Optivise Advisory Services LLC now owns 55,570 shares of the company’s stock valued at $2,083,000 after buying an additional 33,870 shares during the period.

Direxion HCM Tactical Enhanced U.S. ETF Price Performance

Shares of NYSEARCA HCMT opened at $37.92 on Thursday. The company has a 50 day simple moving average of $38.68 and a 200 day simple moving average of $37.89. Direxion HCM Tactical Enhanced U.S. ETF has a 1 year low of $24.58 and a 1 year high of $40.92. The firm has a market cap of $564.25 million, a PE ratio of 21.26 and a beta of 1.83.

Direxion HCM Tactical Enhanced U.S. ETF 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.