Strategic Financial Concepts LLC Makes New Investment in Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT)

Strategic Financial Concepts LLC acquired a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 37,392 shares of the company’s stock, valued at approximately $1,349,000. Strategic Financial Concepts LLC owned 0.39% of Direxion HCM Tactical Enhanced U.S. ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in HCMT. Foundations Investment Advisors LLC raised its stake in Direxion HCM Tactical Enhanced U.S. ETF by 29.3% during the 3rd quarter. Foundations Investment Advisors LLC now owns 174,532 shares of the company’s stock worth $6,152,000 after buying an additional 39,538 shares during the period. J.W. Cole Advisors Inc. raised its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 23.9% during the third quarter. J.W. Cole Advisors Inc. now owns 9,729 shares of the company’s stock worth $343,000 after purchasing an additional 1,875 shares during the period. Orion Portfolio Solutions LLC lifted its holdings in shares of Direxion HCM Tactical Enhanced U.S. ETF by 17.7% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 1,482,805 shares of the company’s stock worth $52,269,000 after purchasing an additional 222,471 shares in the last quarter. World Investment Advisors LLC acquired a new stake in Direxion HCM Tactical Enhanced U.S. ETF in the 3rd quarter valued at $240,000. Finally, Arete Wealth Advisors LLC increased its stake in Direxion HCM Tactical Enhanced U.S. ETF by 28.7% during the 3rd quarter. Arete Wealth Advisors LLC now owns 18,172 shares of the company’s stock valued at $633,000 after purchasing an additional 4,049 shares in the last quarter.

Direxion HCM Tactical Enhanced U.S. ETF Stock Performance

HCMT opened at $38.04 on Tuesday. The company’s fifty day moving average price is $37.51 and its two-hundred day moving average price is $35.55. Direxion HCM Tactical Enhanced U.S. ETF has a 1-year low of $27.16 and a 1-year high of $39.52.

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.