Wealth Watch Advisors INC Buys 30,783 Shares of Direxion HCM Tactical Enhanced U.S. ETF $HCMT

Wealth Watch Advisors INC increased its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) by 8.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 392,248 shares of the company’s stock after acquiring an additional 30,783 shares during the quarter. Direxion HCM Tactical Enhanced U.S. ETF makes up about 5.8% of Wealth Watch Advisors INC’s portfolio, making the stock its 5th largest position. Wealth Watch Advisors INC’s holdings in Direxion HCM Tactical Enhanced U.S. ETF were worth $13,803,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of HCMT. NFSG Corp bought a new stake in Direxion HCM Tactical Enhanced U.S. ETF in the first quarter valued at $33,000. Osaic Holdings Inc. boosted its position in shares of 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 worth $56,000 after purchasing an additional 500 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of 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 purchasing an additional 4,951 shares in the last quarter. World Investment Advisors bought a new position in shares of Direxion HCM Tactical Enhanced U.S. ETF during the 4th quarter worth about $224,000. Finally, Axxcess Wealth Management LLC grew its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF by 6.2% in the 4th quarter. Axxcess Wealth Management LLC now owns 5,877 shares of the company’s stock valued at $227,000 after buying an additional 344 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 $38.21 on Monday. Direxion HCM Tactical Enhanced U.S. ETF has a one year low of $32.54 and a one year high of $43.19. The firm has a market capitalization of $563.60 million, a price-to-earnings ratio of 21.26 and a beta of 1.60. The business has a 50-day simple moving average of $40.71 and a 200 day simple moving average of $38.62.

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.