LPL Financial LLC Acquires Shares of 130,517 Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT)

LPL Financial LLC bought a new position in shares of Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 130,517 shares of the company’s stock, valued at approximately $3,943,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. CWM LLC acquired a new stake in Direxion HCM Tactical Enhanced U.S. ETF during the first quarter worth approximately $42,000. Partners Wealth Management LLC raised its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 25.3% in the 1st quarter. Partners Wealth Management LLC now owns 7,772 shares of the company’s stock worth $235,000 after acquiring an additional 1,571 shares in the last quarter. United Advisor Group LLC acquired a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF in the 4th quarter valued at about $304,000. IFP Advisors Inc grew its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF by 5.6% in the 1st quarter. IFP Advisors Inc now owns 10,701 shares of the company’s stock valued at $323,000 after buying an additional 566 shares during the period. Finally, Jane Street Group LLC acquired a new position in Direxion HCM Tactical Enhanced U.S. ETF during the 4th quarter valued at about $399,000.

Direxion HCM Tactical Enhanced U.S. ETF Trading Down 0.8%

Direxion HCM Tactical Enhanced U.S. ETF stock opened at $34.93 on Friday. Direxion HCM Tactical Enhanced U.S. ETF has a 12 month low of $24.58 and a 12 month high of $39.52. The business’s 50 day simple moving average is $32.77 and its 200 day simple moving average is $31.63. The company has a market cap of $519.58 million, a price-to-earnings ratio of 21.26 and a beta of 1.80.

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.