Partners Wealth Management LLC purchased a new position in Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT – Free Report) during the 3rd quarter, HoldingsChannel reports. The firm purchased 114,503 shares of the company’s stock, valued at approximately $4,884,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HCMT. Integrated Wealth Concepts LLC bought a new position in Direxion HCM Tactical Enhanced U.S. ETF during the 2nd quarter worth $26,000. NFSG Corp acquired a new stake in Direxion HCM Tactical Enhanced U.S. ETF in the first quarter worth $33,000. World Investment Advisors lifted its stake in Direxion HCM Tactical Enhanced U.S. ETF by 36.5% in the first quarter. World Investment Advisors now owns 7,922 shares of the company’s stock valued at $279,000 after buying an additional 2,120 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Direxion HCM Tactical Enhanced U.S. ETF by 1.2% in the second quarter. Envestnet Asset Management Inc. now owns 197,544 shares of the company’s stock valued at $8,285,000 after buying an additional 2,414 shares during the last quarter. Finally, Tucker Asset Management LLC bought a new stake in Direxion HCM Tactical Enhanced U.S. ETF in the second quarter valued at $568,000.
Direxion HCM Tactical Enhanced U.S. ETF Stock Performance
Shares of HCMT opened at $41.20 on Friday. Direxion HCM Tactical Enhanced U.S. ETF has a 1 year low of $34.19 and a 1 year high of $44.85. The company has a market cap of $597.40 million, a price-to-earnings ratio of 21.26 and a beta of 1.61. The firm has a fifty day moving average of $41.83 and a 200-day moving average of $39.57.
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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