NewEdge Advisors LLC Acquires 122,632 Shares of Direxion HCM Tactical Enhanced U.S. ETF $HCMT

NewEdge Advisors LLC increased its holdings in Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) by 110.5% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 233,646 shares of the company’s stock after purchasing an additional 122,632 shares during the period. NewEdge Advisors LLC’s holdings in Direxion HCM Tactical Enhanced U.S. ETF were worth $8,222,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Orion Porfolio Solutions LLC grew its holdings in shares of Direxion HCM Tactical Enhanced U.S. ETF by 26.7% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 2,234,537 shares of the company’s stock valued at $72,801,000 after purchasing an additional 470,325 shares during the last quarter. Discipline Wealth Solutions LLC lifted its stake in Direxion HCM Tactical Enhanced U.S. ETF by 301.7% in the first quarter. Discipline Wealth Solutions LLC now owns 1,057,983 shares of the company’s stock worth $37,230,000 after purchasing an additional 794,616 shares during the last quarter. Wealth Watch Advisors INC boosted its position in Direxion HCM Tactical Enhanced U.S. ETF by 8.5% during the first quarter. Wealth Watch Advisors INC now owns 392,248 shares of the company’s stock valued at $13,803,000 after buying an additional 30,783 shares during the period. LPL Financial LLC boosted its position in Direxion HCM Tactical Enhanced U.S. ETF by 12.9% during the fourth quarter. LPL Financial LLC now owns 342,893 shares of the company’s stock valued at $13,222,000 after buying an additional 39,131 shares during the period. Finally, Parsonex Advisory Services Inc. bought a new position in shares of Direxion HCM Tactical Enhanced U.S. ETF during the fourth quarter valued at about $5,992,000.

Direxion HCM Tactical Enhanced U.S. ETF Stock Performance

HCMT opened at $42.09 on Monday. The company has a market cap of $615.36 million, a P/E ratio of 21.26 and a beta of 1.62. The business’s 50-day moving average price is $40.47 and its 200-day moving average price is $38.62. Direxion HCM Tactical Enhanced U.S. ETF has a 12 month low of $32.81 and a 12 month high of $43.19.

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.