Foundations Investment Advisors LLC Has $7.42 Million Stock Position in Direxion HCM Tactical Enhanced U.S. ETF $HCMT

Foundations Investment Advisors LLC lowered its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) by 9.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 192,325 shares of the company’s stock after selling 19,768 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Direxion HCM Tactical Enhanced U.S. ETF were worth $7,416,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in HCMT. AQR Capital Management LLC acquired a new position in shares of Direxion HCM Tactical Enhanced U.S. ETF during the first quarter valued at about $253,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Direxion HCM Tactical Enhanced U.S. ETF by 472.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,000 shares of the company’s stock worth $195,000 after acquiring an additional 4,951 shares during the last quarter. Orion Porfolio Solutions LLC raised its holdings in shares of Direxion HCM Tactical Enhanced U.S. ETF by 26.7% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 2,234,537 shares of the company’s stock worth $72,801,000 after acquiring an additional 470,325 shares during the last quarter. Geneos Wealth Management Inc. acquired a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF in the 2nd quarter worth about $240,000. Finally, Osaic Holdings Inc. raised its holdings in shares of Direxion HCM Tactical Enhanced U.S. ETF by 40.9% in the 2nd quarter. Osaic Holdings Inc. now owns 1,723 shares of the company’s stock worth $56,000 after acquiring an additional 500 shares during the last quarter.

Direxion HCM Tactical Enhanced U.S. ETF Price Performance

HCMT opened at $41.96 on Friday. Direxion HCM Tactical Enhanced U.S. ETF has a fifty-two week low of $28.60 and a fifty-two week high of $42.04. The firm has a market capitalization of $625.20 million, a PE ratio of 21.26 and a beta of 1.55. The company’s 50-day moving average is $37.21 and its 200 day moving average is $37.99.

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. HCMT was launched on Jun 22, 2023 and is managed by Direxion.