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

NewEdge Advisors LLC increased its position in Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) by 110.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 233,646 shares of the company’s stock after purchasing an additional 122,632 shares during the quarter. NewEdge Advisors LLC owned approximately 1.57% of Direxion HCM Tactical Enhanced U.S. ETF worth $8,222,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Discipline Wealth Solutions LLC increased its position in Direxion HCM Tactical Enhanced U.S. ETF by 301.7% during the first quarter. Discipline Wealth Solutions LLC now owns 1,057,983 shares of the company’s stock worth $37,230,000 after buying an additional 794,616 shares during the last quarter. Orion Porfolio Solutions LLC raised its stake in Direxion HCM Tactical Enhanced U.S. ETF by 26.7% in the second quarter. Orion Porfolio Solutions LLC now owns 2,234,537 shares of the company’s stock valued at $72,801,000 after buying an additional 470,325 shares during the period. Parsonex Advisory Services Inc. acquired a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF in the fourth quarter valued at approximately $5,992,000. Aegis Wealth Management Inc. acquired a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF in the fourth quarter valued at approximately $2,509,000. Finally, LPL Financial LLC lifted 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 buying 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 company has a market capitalization 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 12 month low of $32.54 and a 12 month high of $43.19. The stock has a 50 day moving average of $40.53 and a 200-day moving average of $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.