Pitcairn Co. Lowers Holdings in Direxion Auspice Broad Commodity Strategy ETF $COM

Pitcairn Co. lowered its position in shares of Direxion Auspice Broad Commodity Strategy ETF (NYSEARCA:COM) by 68.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 368,748 shares of the company’s stock after selling 810,620 shares during the quarter. Direxion Auspice Broad Commodity Strategy ETF accounts for 0.8% of Pitcairn Co.’s investment portfolio, making the stock its 18th largest holding. Pitcairn Co. owned 0.06% of Direxion Auspice Broad Commodity Strategy ETF worth $10,595,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. NewEdge Advisors LLC purchased a new stake in shares of Direxion Auspice Broad Commodity Strategy ETF in the first quarter valued at about $715,000. Envestnet Asset Management Inc. lifted its position in Direxion Auspice Broad Commodity Strategy ETF by 23.4% in the second quarter. Envestnet Asset Management Inc. now owns 71,664 shares of the company’s stock valued at $1,982,000 after purchasing an additional 13,605 shares during the period. SBI Securities Co. Ltd. boosted its holdings in Direxion Auspice Broad Commodity Strategy ETF by 24.1% in the 2nd quarter. SBI Securities Co. Ltd. now owns 2,110 shares of the company’s stock valued at $58,000 after purchasing an additional 410 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Direxion Auspice Broad Commodity Strategy ETF by 3.0% in the 2nd quarter. Cetera Investment Advisers now owns 22,239 shares of the company’s stock valued at $615,000 after purchasing an additional 642 shares in the last quarter. Finally, VestGen Advisors LLC acquired a new position in Direxion Auspice Broad Commodity Strategy ETF during the 2nd quarter worth approximately $884,000.

Direxion Auspice Broad Commodity Strategy ETF Price Performance

COM opened at $32.44 on Friday. The business has a 50 day simple moving average of $30.97 and a 200-day simple moving average of $29.66. Direxion Auspice Broad Commodity Strategy ETF has a 12 month low of $27.46 and a 12 month high of $32.58.

Direxion Auspice Broad Commodity Strategy ETF Profile

The Direxion Auspice Broad Commodity Strategy ETF (COM) is an exchange-traded fund that is based on the Auspice Broad Commodity index. The fund tracks a broad-market index consisting of 12 commodity futures contracts, weighted by historical volatility, which can toggle to cash based on momentum. The fund will also hold short-term fixed income securities as collateral. COM was launched on Mar 30, 2017 and is managed by Direxion.