Direxion HCM Tactical Enhanced U.S. ETF $HCMT Shares Purchased by Orion Porfolio Solutions LLC

Orion Porfolio Solutions LLC boosted its stake in Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) by 26.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,234,537 shares of the company’s stock after acquiring an additional 470,325 shares during the quarter. Direxion HCM Tactical Enhanced U.S. ETF comprises about 0.6% of Orion Porfolio Solutions LLC’s holdings, making the stock its 22nd largest holding. Orion Porfolio Solutions LLC owned approximately 15.02% of Direxion HCM Tactical Enhanced U.S. ETF worth $72,801,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in HCMT. Howard Capital Management Inc. lifted its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 8.9% during the second quarter. Howard Capital Management Inc. now owns 9,214,271 shares of the company’s stock worth $300,201,000 after purchasing an additional 754,703 shares in the last quarter. Wealth Watch Advisors INC increased its stake in Direxion HCM Tactical Enhanced U.S. ETF by 4.8% during the 2nd quarter. Wealth Watch Advisors INC now owns 461,520 shares of the company’s stock worth $15,036,000 after buying an additional 21,185 shares during the period. Discipline Wealth Solutions LLC lifted its holdings in Direxion HCM Tactical Enhanced U.S. ETF by 52.1% in the 2nd quarter. Discipline Wealth Solutions LLC now owns 270,783 shares of the company’s stock worth $8,822,000 after buying an additional 92,740 shares in the last quarter. Foundations Investment Advisors LLC boosted its position in Direxion HCM Tactical Enhanced U.S. ETF by 22.7% in the 2nd quarter. Foundations Investment Advisors LLC now owns 221,406 shares of the company’s stock valued at $7,213,000 after buying an additional 41,033 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Direxion HCM Tactical Enhanced U.S. ETF by 14.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 195,704 shares of the company’s stock valued at $6,376,000 after buying an additional 24,823 shares during the last quarter.

Direxion HCM Tactical Enhanced U.S. ETF Price Performance

Shares of Direxion HCM Tactical Enhanced U.S. ETF stock opened at $38.51 on Friday. Direxion HCM Tactical Enhanced U.S. ETF has a 1-year low of $24.58 and a 1-year high of $40.92. The company has a market capitalization of $579.58 million, a PE ratio of 21.26 and a beta of 1.83. The business has a 50-day moving average of $38.48 and a 200-day moving average of $35.33.

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.