Howard Capital Management Inc. Grows Stock Holdings in Direxion HCM Tactical Enhanced U.S. ETF $HCMT

Howard Capital Management Inc. grew its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) by 3.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,559,154 shares of the company’s stock after acquiring an additional 344,883 shares during the period. Direxion HCM Tactical Enhanced U.S. ETF accounts for 3.9% of Howard Capital Management Inc.’s holdings, making the stock its 8th largest position. Howard Capital Management Inc. owned about 63.52% of Direxion HCM Tactical Enhanced U.S. ETF worth $358,373,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in HCMT. Osaic Holdings Inc. increased its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF by 40.9% during the second quarter. Osaic Holdings Inc. now owns 1,723 shares of the company’s stock worth $56,000 after purchasing an additional 500 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Direxion HCM Tactical Enhanced U.S. ETF by 472.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,000 shares of the company’s stock worth $195,000 after buying an additional 4,951 shares during the period. Geneos Wealth Management Inc. bought a new position in Direxion HCM Tactical Enhanced U.S. ETF during the 2nd quarter worth $240,000. AQR Capital Management LLC acquired a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF during the first quarter worth $253,000. Finally, VestGen Investment Management bought a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF in the second quarter valued at about $278,000.

Direxion HCM Tactical Enhanced U.S. ETF Stock Performance

HCMT stock opened at $39.18 on Friday. Direxion HCM Tactical Enhanced U.S. ETF has a 52 week low of $24.58 and a 52 week high of $40.92. The company has a market capitalization of $581.82 million, a PE ratio of 21.26 and a beta of 1.83. The company’s 50-day simple moving average is $39.07 and its 200 day simple moving average is $37.24.

Direxion HCM Tactical Enhanced U.S. ETF Company 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.