Envestnet Portfolio Solutions Inc. Sells 26,996 Shares of Direxion HCM Tactical Enhanced U.S. ETF $HCMT

Envestnet Portfolio Solutions Inc. decreased its position in shares of Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) by 59.6% in the 2nd quarter, HoldingsChannel reports. The fund owned 18,326 shares of the company’s stock after selling 26,996 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Direxion HCM Tactical Enhanced U.S. ETF were worth $597,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. CPR Investments Inc. grew its position in Direxion HCM Tactical Enhanced U.S. ETF by 57.2% in the 2nd quarter. CPR Investments Inc. now owns 170,496 shares of the company’s stock valued at $5,555,000 after purchasing an additional 62,034 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF by 55.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 75,249 shares of the company’s stock valued at $2,492,000 after buying an additional 26,705 shares in the last quarter. Discipline Wealth Solutions LLC grew its holdings in shares of Direxion HCM Tactical Enhanced U.S. ETF by 52.1% during the second quarter. Discipline Wealth Solutions LLC now owns 270,783 shares of the company’s stock valued at $8,822,000 after buying an additional 92,740 shares during the last quarter. Coppell Advisory Solutions LLC grew its holdings in shares of Direxion HCM Tactical Enhanced U.S. ETF by 8.0% during the first quarter. Coppell Advisory Solutions LLC now owns 13,357 shares of the company’s stock valued at $404,000 after buying an additional 994 shares during the last quarter. Finally, Arete Wealth Advisors LLC increased its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 27.9% during the first quarter. Arete Wealth Advisors LLC now owns 67,907 shares of the company’s stock worth $2,051,000 after acquiring an additional 14,807 shares in the last quarter.

Direxion HCM Tactical Enhanced U.S. ETF Price Performance

HCMT opened at $38.37 on Tuesday. Direxion HCM Tactical Enhanced U.S. ETF has a fifty-two week low of $24.58 and a fifty-two week high of $39.52. The firm has a market capitalization of $578.24 million, a PE ratio of 21.26 and a beta of 1.80. The company’s 50-day moving average is $36.15 and its 200 day moving average is $32.18.

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.