WealthTrak Capital Management LLC Invests $4.54 Million in Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT)

WealthTrak Capital Management LLC acquired a new stake in Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 125,688 shares of the company’s stock, valued at approximately $4,536,000. Direxion HCM Tactical Enhanced U.S. ETF makes up 3.8% of WealthTrak Capital Management LLC’s investment portfolio, making the stock its 3rd largest holding.

Several other large investors have also recently added to or reduced their stakes in the business. Howard Capital Management Inc. increased its holdings in Direxion HCM Tactical Enhanced U.S. ETF by 3.4% during the 4th quarter. Howard Capital Management Inc. now owns 8,257,017 shares of the company’s stock worth $297,971,000 after purchasing an additional 269,091 shares during the period. Orion Portfolio Solutions LLC increased its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF by 9.8% during the fourth quarter. Orion Portfolio Solutions LLC now owns 1,627,982 shares of the company’s stock worth $58,748,000 after buying an additional 145,177 shares during the period. Foundations Investment Advisors LLC raised its holdings in Direxion HCM Tactical Enhanced U.S. ETF by 5.1% in the fourth quarter. Foundations Investment Advisors LLC now owns 183,486 shares of the company’s stock valued at $6,621,000 after acquiring an additional 8,954 shares in the last quarter. Discipline Wealth Solutions LLC purchased a new position in Direxion HCM Tactical Enhanced U.S. ETF in the third quarter worth approximately $5,459,000. Finally, Atria Wealth Solutions Inc. grew its holdings in Direxion HCM Tactical Enhanced U.S. ETF by 283.7% during the 4th quarter. Atria Wealth Solutions Inc. now owns 125,235 shares of the company’s stock worth $4,519,000 after acquiring an additional 92,598 shares in the last quarter.

Direxion HCM Tactical Enhanced U.S. ETF Trading Down 4.4 %

Shares of NYSEARCA:HCMT opened at $30.17 on Friday. Direxion HCM Tactical Enhanced U.S. ETF has a 52 week low of $27.16 and a 52 week high of $39.52. The company’s 50 day moving average is $35.42 and its two-hundred day moving average is $36.03. The company has a market cap of $386.18 million, a PE ratio of 24.02 and a beta of 1.84.

Direxion HCM Tactical Enhanced U.S. ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th will be paid a $0.0635 dividend. The ex-dividend date of this dividend is Tuesday, March 25th.

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.