Direxion HCM Tactical Enhanced U.S. ETF $HCMT Shares Bought by NewEdge Advisors LLC

NewEdge Advisors LLC grew its holdings in shares of Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) by 13.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 265,483 shares of the company’s stock after purchasing an additional 31,837 shares during the quarter. NewEdge Advisors LLC’s holdings in Direxion HCM Tactical Enhanced U.S. ETF were worth $11,134,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in HCMT. NFSG Corp bought a new position in Direxion HCM Tactical Enhanced U.S. ETF in the 1st quarter worth approximately $33,000. Osaic Holdings Inc. raised its stake in Direxion HCM Tactical Enhanced U.S. ETF by 40.9% during the 2nd quarter. Osaic Holdings Inc. now owns 1,723 shares of the company’s stock valued at $56,000 after acquiring an additional 500 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Direxion HCM Tactical Enhanced U.S. ETF by 472.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,000 shares of the company’s stock worth $195,000 after acquiring an additional 4,951 shares during the period. World Investment Advisors acquired a new position in Direxion HCM Tactical Enhanced U.S. ETF during the 4th quarter worth $224,000. Finally, Axxcess Wealth Management LLC boosted its position in Direxion HCM Tactical Enhanced U.S. ETF by 6.2% during the 4th quarter. Axxcess Wealth Management LLC now owns 5,877 shares of the company’s stock worth $227,000 after acquiring an additional 344 shares during the period.

Direxion HCM Tactical Enhanced U.S. ETF Stock Performance

NYSEARCA:HCMT opened at $41.14 on Friday. The stock has a market cap of $601.47 million, a price-to-earnings ratio of 21.26 and a beta of 1.63. Direxion HCM Tactical Enhanced U.S. ETF has a 1 year low of $34.19 and a 1 year high of $43.19. The business has a fifty day moving average of $40.61 and a 200-day moving average of $39.12.

Direxion HCM Tactical Enhanced U.S. ETF Company 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.