Envestnet Portfolio Solutions Inc. Sells 26,996 Shares of Direxion HCM Tactical Enhanced U.S. ETF $HCMT

Envestnet Portfolio Solutions Inc. lessened its holdings in Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) by 59.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,326 shares of the company’s stock after selling 26,996 shares during the period. Envestnet Portfolio Solutions Inc. owned about 0.12% of Direxion HCM Tactical Enhanced U.S. ETF worth $597,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Envestnet Asset Management Inc. boosted its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF by 32.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 170,881 shares of the company’s stock valued at $5,162,000 after purchasing an additional 41,778 shares in the last quarter. Crosspoint Financial LLC acquired a new stake in Direxion HCM Tactical Enhanced U.S. ETF in the first quarter valued at approximately $1,227,000. CWM LLC bought a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF during the first quarter worth $42,000. IFP Advisors Inc increased its holdings in shares of Direxion HCM Tactical Enhanced U.S. ETF by 5.6% during the first quarter. IFP Advisors Inc now owns 10,701 shares of the company’s stock worth $323,000 after buying an additional 566 shares in the last quarter. Finally, Efficient Advisors LLC bought a new position in shares of Direxion HCM Tactical Enhanced U.S. ETF in the 1st quarter valued at $22,260,000.

Direxion HCM Tactical Enhanced U.S. ETF Stock Up 2.2%

NYSEARCA HCMT opened at $38.37 on Tuesday. The company has a market cap of $578.24 million, a price-to-earnings ratio of 21.26 and a beta of 1.80. Direxion HCM Tactical Enhanced U.S. ETF has a twelve month low of $24.58 and a twelve month high of $39.52. The business’s fifty day moving average is $36.15 and its 200 day moving average is $32.18.

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.