Envestnet Asset Management Inc. Has $4.66 Million Stock Position in Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT)

Envestnet Asset Management Inc. lifted its position in shares of Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) by 14.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,103 shares of the company’s stock after acquiring an additional 16,265 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Direxion HCM Tactical Enhanced U.S. ETF were worth $4,659,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of HCMT. Partners Wealth Management LLC acquired a new stake in Direxion HCM Tactical Enhanced U.S. ETF in the fourth quarter valued at $224,000. World Investment Advisors LLC acquired a new position in Direxion HCM Tactical Enhanced U.S. ETF during the 3rd quarter worth about $240,000. Private Advisor Group LLC bought a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF in the 4th quarter valued at about $301,000. IFP Advisors Inc increased its stake 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 valued at $366,000 after buying an additional 864 shares during the period. Finally, J.W. Cole Advisors Inc. raised its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 32.0% during the fourth quarter. J.W. Cole Advisors Inc. now owns 12,840 shares of the company’s stock worth $463,000 after acquiring an additional 3,111 shares during the last quarter.

Direxion HCM Tactical Enhanced U.S. ETF Price Performance

Direxion HCM Tactical Enhanced U.S. ETF stock opened at $25.44 on Wednesday. The stock’s 50 day moving average is $31.27 and its 200 day moving average is $35.06. Direxion HCM Tactical Enhanced U.S. ETF has a one year low of $24.58 and a one year high of $39.52. The firm has a market cap of $329.45 million, a P/E ratio of 21.22 and a beta of 1.84.

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.