Wealth Enhancement Advisory Services LLC Has $2.49 Million Position in Direxion HCM Tactical Enhanced U.S. ETF $HCMT

Wealth Enhancement Advisory Services LLC grew its holdings in Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) by 55.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 75,249 shares of the company’s stock after purchasing an additional 26,705 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.50% of Direxion HCM Tactical Enhanced U.S. ETF worth $2,492,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. IFP Advisors Inc grew its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 5.6% in the first quarter. IFP Advisors Inc now owns 10,701 shares of the company’s stock valued at $323,000 after purchasing an additional 566 shares during the last quarter. Coppell Advisory Solutions LLC grew its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 8.0% in the first quarter. Coppell Advisory Solutions LLC now owns 13,357 shares of the company’s stock valued at $404,000 after purchasing an additional 994 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF in the first quarter valued at about $32,000. Delta Investment Management LLC grew its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 1.2% in the first quarter. Delta Investment Management LLC now owns 91,681 shares of the company’s stock valued at $2,770,000 after purchasing an additional 1,075 shares during the last quarter. Finally, CWM LLC acquired a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF in the first quarter valued at about $42,000.

Direxion HCM Tactical Enhanced U.S. ETF Stock Performance

Shares of NYSEARCA:HCMT opened at $36.99 on Friday. The company has a market cap of $550.41 million, a P/E ratio of 21.26 and a beta of 1.80. Direxion HCM Tactical Enhanced U.S. ETF has a 52-week low of $24.58 and a 52-week high of $39.52. The stock’s 50-day moving average is $34.94 and its 200-day moving average is $31.41.

About Direxion HCM Tactical Enhanced U.S. ETF

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.