Optivise Advisory Services LLC Makes New $707,000 Investment in Direxion HCM Tactical Enhanced U.S. ETF $HCMT

Optivise Advisory Services LLC purchased a new position in shares of Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 21,700 shares of the company’s stock, valued at approximately $707,000. Optivise Advisory Services LLC owned 0.15% of Direxion HCM Tactical Enhanced U.S. ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Atria Investments Inc lifted its holdings in shares of Direxion HCM Tactical Enhanced U.S. ETF by 17.7% during the second quarter. Atria Investments Inc now owns 27,888 shares of the company’s stock worth $909,000 after purchasing an additional 4,185 shares during the period. Howard Capital Management Inc. lifted its stake in Direxion HCM Tactical Enhanced U.S. ETF by 8.9% during the 2nd quarter. Howard Capital Management Inc. now owns 9,214,271 shares of the company’s stock valued at $300,201,000 after acquiring an additional 754,703 shares during the period. Wealth Watch Advisors INC lifted 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 valued at $15,036,000 after acquiring an additional 21,185 shares during the period. Delta Investment Management LLC lifted its stake in Direxion HCM Tactical Enhanced U.S. ETF by 32.0% during the 2nd quarter. Delta Investment Management LLC now owns 120,994 shares of the company’s stock valued at $3,942,000 after acquiring an additional 29,313 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in Direxion HCM Tactical Enhanced U.S. ETF by 14.5% during the 2nd 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 period.

Direxion HCM Tactical Enhanced U.S. ETF Stock Up 0.6%

Shares of HCMT stock opened at $40.27 on Tuesday. Direxion HCM Tactical Enhanced U.S. ETF has a 52-week low of $24.58 and a 52-week high of $40.92. The stock has a market cap of $606.06 million, a PE ratio of 21.26 and a beta of 1.83. The business has a 50-day simple moving average of $37.12 and a 200-day simple moving average of $33.16.

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.