NewEdge Advisors LLC Has $8.22 Million Stock Holdings in Direxion HCM Tactical Enhanced U.S. ETF $HCMT

NewEdge Advisors LLC increased its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) by 110.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 233,646 shares of the company’s stock after buying 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 filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Discipline Wealth Solutions LLC raised its holdings in Direxion HCM Tactical Enhanced U.S. ETF by 301.7% in the 1st quarter. Discipline Wealth Solutions LLC now owns 1,057,983 shares of the company’s stock valued at $37,230,000 after acquiring an additional 794,616 shares during the period. Orion Porfolio Solutions LLC lifted its position in Direxion HCM Tactical Enhanced U.S. ETF by 26.7% during the second quarter. Orion Porfolio Solutions LLC now owns 2,234,537 shares of the company’s stock worth $72,801,000 after acquiring an additional 470,325 shares during the last quarter. Parsonex Advisory Services Inc. bought a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF during the fourth quarter worth approximately $5,992,000. Aegis Wealth Management Inc. bought a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF during the fourth quarter worth approximately $2,509,000. Finally, LPL Financial LLC grew its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 12.9% in the fourth quarter. LPL Financial LLC now owns 342,893 shares of the company’s stock valued at $13,222,000 after purchasing an additional 39,131 shares during the last quarter.

Direxion HCM Tactical Enhanced U.S. ETF Trading Up 5.4%

Shares of NYSEARCA HCMT opened at $38.32 on Friday. The firm has a market cap of $565.22 million, a P/E ratio of 21.26 and a beta of 1.60. Direxion HCM Tactical Enhanced U.S. ETF has a 1-year low of $32.54 and a 1-year high of $43.19. The business’s 50 day moving average is $40.53 and its 200-day moving average is $38.56.

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. HCMT was launched on Jun 22, 2023 and is managed by Direxion.