Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) Shares Acquired by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. grew its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) by 27.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,335 shares of the company’s stock after purchasing an additional 10,278 shares during the period. Envestnet Portfolio Solutions Inc. owned about 0.50% of Direxion HCM Tactical Enhanced U.S. ETF worth $1,708,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Howard Capital Management Inc. grew its position in Direxion HCM Tactical Enhanced U.S. ETF by 3.4% during the 4th quarter. Howard Capital Management Inc. now owns 8,257,017 shares of the company’s stock worth $297,971,000 after purchasing an additional 269,091 shares in the last quarter. Orion Portfolio Solutions LLC grew its holdings in shares of Direxion HCM Tactical Enhanced U.S. ETF by 17.7% during the third quarter. Orion Portfolio Solutions LLC now owns 1,482,805 shares of the company’s stock valued at $52,269,000 after buying an additional 222,471 shares in the last quarter. Discipline Wealth Solutions LLC acquired a new position in Direxion HCM Tactical Enhanced U.S. ETF during the third quarter valued at $5,459,000. Atria Wealth Solutions Inc. lifted its stake in Direxion HCM Tactical Enhanced U.S. ETF by 283.7% in the 4th quarter. Atria Wealth Solutions Inc. now owns 125,235 shares of the company’s stock worth $4,519,000 after acquiring an additional 92,598 shares in the last quarter. Finally, Strategic Financial Concepts LLC acquired a new stake in Direxion HCM Tactical Enhanced U.S. ETF during the 4th quarter worth about $1,349,000.

Direxion HCM Tactical Enhanced U.S. ETF Price Performance

Shares of HCMT opened at $31.52 on Friday. The business’s 50-day moving average is $35.85 and its 200-day moving average is $36.03. The company has a market capitalization of $403.46 million, a price-to-earnings ratio of 24.02 and a beta of 1.84. Direxion HCM Tactical Enhanced U.S. ETF has a fifty-two week low of $27.16 and a fifty-two week high of $39.52.

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.