Orion Portfolio Solutions LLC Grows Stock Holdings in Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT)

Orion Portfolio Solutions LLC boosted its holdings in Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) by 9.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,627,982 shares of the company’s stock after purchasing an additional 145,177 shares during the quarter. Direxion HCM Tactical Enhanced U.S. ETF makes up 0.6% of Orion Portfolio Solutions LLC’s portfolio, making the stock its 25th largest position. Orion Portfolio Solutions LLC owned approximately 0.17% of Direxion HCM Tactical Enhanced U.S. ETF worth $58,748,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Howard Capital Management Inc. grew its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 3.4% during the fourth quarter. Howard Capital Management Inc. now owns 8,257,017 shares of the company’s stock worth $297,971,000 after purchasing an additional 269,091 shares in the last quarter. Foundations Investment Advisors LLC lifted its holdings in shares of Direxion HCM Tactical Enhanced U.S. ETF by 5.1% in the fourth quarter. Foundations Investment Advisors LLC now owns 183,486 shares of the company’s stock worth $6,621,000 after buying an additional 8,954 shares in the last quarter. Discipline Wealth Solutions LLC purchased a new position in Direxion HCM Tactical Enhanced U.S. ETF during the third quarter valued at $5,459,000. Atria Wealth Solutions Inc. increased its holdings in Direxion HCM Tactical Enhanced U.S. ETF by 283.7% in the 4th quarter. Atria Wealth Solutions Inc. now owns 125,235 shares of the company’s stock valued at $4,519,000 after acquiring an additional 92,598 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in Direxion HCM Tactical Enhanced U.S. ETF by 27.7% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 47,335 shares of the company’s stock worth $1,708,000 after purchasing an additional 10,278 shares in the last quarter.

Direxion HCM Tactical Enhanced U.S. ETF Stock Down 1.2 %

Shares of Direxion HCM Tactical Enhanced U.S. ETF stock opened at $31.56 on Friday. Direxion HCM Tactical Enhanced U.S. ETF has a twelve month low of $27.16 and a twelve month high of $39.52. The business has a 50-day moving average price of $35.55 and a 200-day moving average price of $36.04. The firm has a market cap of $403.97 million, a price-to-earnings ratio of 24.02 and a beta of 1.84.

Direxion HCM Tactical Enhanced U.S. ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be given a dividend of $0.0635 per share. The ex-dividend date is Tuesday, March 25th.

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.