NewEdge Advisors LLC raised its holdings in Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT – Free Report) by 110.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 233,646 shares of the company’s stock after acquiring an additional 122,632 shares during the period. NewEdge Advisors LLC owned approximately 1.57% of Direxion HCM Tactical Enhanced U.S. ETF worth $8,222,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of HCMT. NFSG Corp bought a new position in shares of Direxion HCM Tactical Enhanced U.S. ETF in the first quarter worth approximately $33,000. Osaic Holdings Inc. raised its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 40.9% during the 2nd quarter. Osaic Holdings Inc. now owns 1,723 shares of the company’s stock valued at $56,000 after buying an additional 500 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 472.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,000 shares of the company’s stock valued at $195,000 after buying an additional 4,951 shares in the last quarter. World Investment Advisors bought a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF during the 4th quarter worth $224,000. Finally, Axxcess Wealth Management LLC grew its position in Direxion HCM Tactical Enhanced U.S. ETF by 6.2% in the fourth quarter. Axxcess Wealth Management LLC now owns 5,877 shares of the company’s stock worth $227,000 after acquiring an additional 344 shares in the last quarter.
Direxion HCM Tactical Enhanced U.S. ETF Stock Performance
Shares of NYSEARCA:HCMT opened at $42.09 on Monday. The firm has a market capitalization of $615.36 million, a PE ratio of 21.26 and a beta of 1.62. Direxion HCM Tactical Enhanced U.S. ETF has a 52-week low of $32.81 and a 52-week high of $43.19. The firm has a fifty day moving average of $40.47 and a 200 day moving average of $38.62.
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.
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