Direxion HCM Tactical Enhanced U.S. ETF $HCMT Shares Purchased by Howard Capital Management Inc.

Howard Capital Management Inc. grew its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) by 8.9% during the 2nd quarter, Holdings Channel reports. The firm owned 9,214,271 shares of the company’s stock after buying an additional 754,703 shares during the period. Direxion HCM Tactical Enhanced U.S. ETF comprises about 3.7% of Howard Capital Management Inc.’s investment portfolio, making the stock its 8th biggest position. Howard Capital Management Inc. owned 0.62% of Direxion HCM Tactical Enhanced U.S. ETF worth $300,201,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Envestnet Asset Management Inc. raised its holdings in shares of Direxion HCM Tactical Enhanced U.S. ETF by 32.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 170,881 shares of the company’s stock valued at $5,162,000 after purchasing an additional 41,778 shares during the period. Crosspoint Financial LLC acquired a new position in Direxion HCM Tactical Enhanced U.S. ETF during the first quarter worth approximately $1,227,000. CWM LLC bought a new stake in Direxion HCM Tactical Enhanced U.S. ETF in the first quarter valued at approximately $42,000. IFP Advisors Inc raised its stake in Direxion HCM Tactical Enhanced U.S. ETF by 5.6% in the first quarter. IFP Advisors Inc now owns 10,701 shares of the company’s stock valued at $323,000 after buying an additional 566 shares during the period. Finally, Efficient Advisors LLC acquired a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF in the first quarter valued at approximately $22,260,000.

Direxion HCM Tactical Enhanced U.S. ETF Trading Up 2.8%

Shares of NYSEARCA HCMT opened at $40.15 on Tuesday. The company has a market capitalization of $606.27 million, a P/E ratio of 21.26 and a beta of 1.83. Direxion HCM Tactical Enhanced U.S. ETF has a 12 month low of $24.58 and a 12 month high of $40.15. The stock has a 50 day moving average of $36.51 and a 200-day moving average of $32.62.

About Direxion HCM Tactical Enhanced U.S. ETF

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.