Envestnet Asset Management Inc. grew its position in shares of Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT – Free Report) by 9.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 117,399 shares of the company’s stock after buying an additional 10,431 shares during the period. Envestnet Asset Management Inc. owned 1.23% of Direxion HCM Tactical Enhanced U.S. ETF worth $3,997,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Forum Financial Management LP bought a new stake in Direxion HCM Tactical Enhanced U.S. ETF during the second quarter worth about $402,000. Coppell Advisory Solutions Corp. purchased a new position in Direxion HCM Tactical Enhanced U.S. ETF in the 1st quarter worth about $384,000. Axxcess Wealth Management LLC bought a new stake in Direxion HCM Tactical Enhanced U.S. ETF in the 1st quarter worth approximately $407,000. Ndwm LLC purchased a new position in Direxion HCM Tactical Enhanced U.S. ETF in the second quarter worth about $665,000. Finally, Envestnet Portfolio Solutions Inc. raised its position in Direxion HCM Tactical Enhanced U.S. ETF by 4.9% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 32,958 shares of the company’s stock worth $1,020,000 after acquiring an additional 1,551 shares during the period.
Direxion HCM Tactical Enhanced U.S. ETF Stock Up 0.2 %
HCMT stock opened at $34.44 on Thursday. The business’s 50-day moving average price is $32.89 and its 200-day moving average price is $32.15. Direxion HCM Tactical Enhanced U.S. ETF has a twelve month low of $22.82 and a twelve month high of $36.73.
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.
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