Orion Porfolio Solutions LLC Has $84.99 Million Holdings in Direxion HCM Tactical Enhanced U.S. ETF $HCMT

Orion Porfolio Solutions LLC raised its position in Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) by 1.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 2,266,959 shares of the company’s stock after purchasing an additional 32,422 shares during the period. Direxion HCM Tactical Enhanced U.S. ETF accounts for approximately 0.7% of Orion Porfolio Solutions LLC’s portfolio, making the stock its 22nd largest position. Orion Porfolio Solutions LLC owned 0.15% of Direxion HCM Tactical Enhanced U.S. ETF worth $84,988,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of HCMT. AQR Capital Management LLC bought a new position in Direxion HCM Tactical Enhanced U.S. ETF during the first quarter worth $253,000. Envestnet Asset Management Inc. boosted its position in Direxion HCM Tactical Enhanced U.S. ETF by 14.5% during the second quarter. Envestnet Asset Management Inc. now owns 195,704 shares of the company’s stock valued at $6,376,000 after acquiring an additional 24,823 shares during the last quarter. Atria Investments Inc grew its holdings in Direxion HCM Tactical Enhanced U.S. ETF by 17.7% during the 2nd quarter. Atria Investments Inc now owns 27,888 shares of the company’s stock worth $909,000 after acquiring an additional 4,185 shares during the period. Foundations Investment Advisors LLC raised its position in shares of 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 worth $7,213,000 after acquiring an additional 41,033 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF by 472.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,000 shares of the company’s stock valued at $195,000 after purchasing an additional 4,951 shares during the period.

Direxion HCM Tactical Enhanced U.S. ETF Price Performance

Shares of Direxion HCM Tactical Enhanced U.S. ETF stock opened at $37.92 on Thursday. The stock’s 50-day moving average is $38.68 and its 200 day moving average is $37.89. Direxion HCM Tactical Enhanced U.S. ETF has a one year low of $24.58 and a one year high of $40.92. The firm has a market cap of $564.25 million, a price-to-earnings ratio of 21.26 and a beta of 1.83.

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.