Foundations Investment Advisors LLC Sells 19,768 Shares of Direxion HCM Tactical Enhanced U.S. ETF $HCMT

Foundations Investment Advisors LLC lowered its position in shares of Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) by 9.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 192,325 shares of the company’s stock after selling 19,768 shares during the quarter. Foundations Investment Advisors LLC owned about 1.29% of Direxion HCM Tactical Enhanced U.S. ETF worth $7,416,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of HCMT. Global Assets Advisory LLC raised its holdings in shares of Direxion HCM Tactical Enhanced U.S. ETF by 3.2% during the fourth quarter. Global Assets Advisory LLC now owns 16,107 shares of the company’s stock valued at $621,000 after purchasing an additional 495 shares during the period. Axxcess Wealth Management LLC raised its holdings in shares of Direxion HCM Tactical Enhanced U.S. ETF by 6.2% during the fourth quarter. Axxcess Wealth Management LLC now owns 5,877 shares of the company’s stock valued at $227,000 after purchasing an additional 344 shares during the period. Aegis Wealth Management Inc. acquired a new position in shares of Direxion HCM Tactical Enhanced U.S. ETF during the fourth quarter valued at about $2,509,000. RIA Advisory Group LLC raised its holdings in shares of Direxion HCM Tactical Enhanced U.S. ETF by 9.3% during the fourth quarter. RIA Advisory Group LLC now owns 20,788 shares of the company’s stock valued at $802,000 after purchasing an additional 1,771 shares during the period. Finally, Geneos Wealth Management Inc. acquired a new position in shares of Direxion HCM Tactical Enhanced U.S. ETF during the fourth quarter valued at about $1,029,000.

Direxion HCM Tactical Enhanced U.S. ETF Trading Up 1.2%

Shares of NYSEARCA HCMT opened at $41.96 on Friday. The firm’s 50-day moving average price is $37.21 and its 200-day moving average price is $37.99. Direxion HCM Tactical Enhanced U.S. ETF has a 1-year low of $28.60 and a 1-year high of $42.04. The firm has a market capitalization of $625.20 million, a P/E ratio of 21.26 and a beta of 1.55.

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