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

WealthTrak Capital Management LLC purchased a new stake in Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 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. WealthTrak Capital Management LLC owned about 1.32% of Direxion HCM Tactical Enhanced U.S. ETF as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Howard Capital Management Inc. raised its stake in Direxion HCM Tactical Enhanced U.S. ETF by 3.4% in the 4th quarter. Howard Capital Management Inc. now owns 8,257,017 shares of the company’s stock valued at $297,971,000 after purchasing an additional 269,091 shares during the last quarter. Orion Portfolio Solutions LLC raised its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 17.7% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 1,482,805 shares of the company’s stock valued at $52,269,000 after buying an additional 222,471 shares during the period. Discipline Wealth Solutions LLC acquired a new position in Direxion HCM Tactical Enhanced U.S. ETF in the third quarter valued at approximately $5,459,000. Atria Wealth Solutions Inc. increased its stake in Direxion HCM Tactical Enhanced U.S. ETF by 283.7% during the fourth 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 during the last quarter. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF during the 4th quarter worth about $1,349,000.

Direxion HCM Tactical Enhanced U.S. ETF Stock Performance

Shares of HCMT stock opened at $30.17 on Friday. The firm has a market cap of $386.18 million, a P/E ratio of 24.02 and a beta of 1.84. The firm’s 50 day moving average price is $35.42 and its 200-day moving average price is $36.03. Direxion HCM Tactical Enhanced U.S. ETF has a one year low of $27.16 and a one year high of $39.52.

Direxion HCM Tactical Enhanced U.S. ETF Cuts Dividend

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