Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) Shares Acquired by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC boosted its holdings in Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) by 9.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,627,982 shares of the company’s stock after acquiring an additional 145,177 shares during the period. Direxion HCM Tactical Enhanced U.S. ETF accounts for about 0.6% of Orion Portfolio Solutions LLC’s investment portfolio, making the stock its 25th largest position. Orion Portfolio Solutions LLC owned about 17.08% of Direxion HCM Tactical Enhanced U.S. ETF worth $58,748,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in HCMT. Partners Wealth Management LLC acquired a new position in Direxion HCM Tactical Enhanced U.S. ETF in the fourth quarter worth about $224,000. World Investment Advisors LLC bought a new position in Direxion HCM Tactical Enhanced U.S. ETF during the third quarter valued at about $240,000. Private Advisor Group LLC acquired a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF during the fourth quarter worth $301,000. IHT Wealth Management LLC boosted its stake in Direxion HCM Tactical Enhanced U.S. ETF by 47.5% in the 3rd quarter. IHT Wealth Management LLC now owns 8,878 shares of the company’s stock worth $309,000 after purchasing an additional 2,858 shares during the period. Finally, IFP Advisors Inc lifted its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 9.3% in the fourth quarter. IFP Advisors Inc now owns 10,135 shares of the company’s stock worth $366,000 after purchasing an additional 864 shares in the last quarter.

Direxion HCM Tactical Enhanced U.S. ETF Trading Down 1.2 %

NYSEARCA HCMT opened at $31.56 on Friday. The firm’s fifty day simple moving average is $35.55 and its 200-day simple moving average is $36.04. Direxion HCM Tactical Enhanced U.S. ETF has a 1-year low of $27.16 and a 1-year high of $39.52. The company has a market capitalization of $403.97 million, a PE ratio of 24.02 and a beta of 1.84.

Direxion HCM Tactical Enhanced U.S. ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be paid a dividend of $0.0635 per share. The ex-dividend date is Tuesday, March 25th.

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.