Wealth Watch Advisors INC Acquires 21,185 Shares of Direxion HCM Tactical Enhanced U.S. ETF $HCMT

Wealth Watch Advisors INC grew its holdings in shares of Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) by 4.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 461,520 shares of the company’s stock after buying an additional 21,185 shares during the quarter. Direxion HCM Tactical Enhanced U.S. ETF accounts for about 8.7% of Wealth Watch Advisors INC’s holdings, making the stock its 4th biggest position. Wealth Watch Advisors INC’s holdings in Direxion HCM Tactical Enhanced U.S. ETF were worth $15,036,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF in the 1st quarter worth about $32,000. Wealth Enhancement Advisory Services LLC increased its holdings in Direxion HCM Tactical Enhanced U.S. ETF by 55.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 75,249 shares of the company’s stock worth $2,492,000 after purchasing an additional 26,705 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF by 32.4% in the first quarter. Envestnet Asset Management Inc. now owns 170,881 shares of the company’s stock worth $5,162,000 after purchasing an additional 41,778 shares during the last quarter. LPL Financial LLC bought a new position in shares of Direxion HCM Tactical Enhanced U.S. ETF in the first quarter valued at approximately $3,943,000. Finally, Howard Capital Management Inc. lifted its holdings in shares of Direxion HCM Tactical Enhanced U.S. ETF by 2.5% in the first quarter. Howard Capital Management Inc. now owns 8,459,568 shares of the company’s stock valued at $255,564,000 after purchasing an additional 202,551 shares in the last quarter.

Direxion HCM Tactical Enhanced U.S. ETF Trading Up 1.9%

Shares of Direxion HCM Tactical Enhanced U.S. ETF stock opened at $39.06 on Monday. The company has a market capitalization of $589.81 million, a P/E ratio of 21.26 and a beta of 1.80. The stock has a fifty day simple moving average of $36.41 and a 200 day simple moving average of $32.53. Direxion HCM Tactical Enhanced U.S. ETF has a 12-month low of $24.58 and a 12-month high of $39.52.

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.