LPL Financial Expands Stake in Direxion Auspice ETF with 13,062 Shares

LPL Financial LLC has increased its investment in the Direxion Auspice Broad Commodity Strategy ETF (NYSEARCA: COM) by 15.6%, acquiring an additional 13,062 shares in the first quarter of 2023. According to its most recent filing with the Securities & Exchange Commission, LPL now holds a total of 96,629 shares, representing approximately 1.23% of the ETF, valued at $2,835,000.

This move reflects a broader trend among institutional investors in the commodity sector. Notably, Envestnet Asset Management Inc. has also significantly increased its position in the Direxion ETF, raising its stake by an impressive 111.3% during the first quarter. Following this acquisition, Envestnet now owns 58,059 shares valued at $1,703,000.

Other firms have been active as well. Cetera Investment Advisers grew its holdings by 4.0% in the fourth quarter of 2022, amassing 20,635 shares valued at $584,000. Meanwhile, both JPMorgan Chase & Co. and Raymond James Financial Inc. entered the market with new stakes valued at approximately $192,000 and $261,000, respectively. Additionally, Stratos Investment Management LLC expanded its position by 22.1% in the same quarter, bringing its total to 215,231 shares worth $6,315,000.

Market Performance and Profile

As of Monday, the Direxion Auspice Broad Commodity Strategy ETF opened at $27.57. The ETF has a 50-day simple moving average of $28.07 and a two-hundred day average of $28.45. Over the past year, it has recorded a low of $27.53 and a high of $29.63.

The Direxion Auspice Broad Commodity Strategy ETF is designed to track the Auspice Broad Commodity Index, which includes twelve commodity futures contracts. The index is weighted by historical volatility and has the ability to switch to cash based on market momentum. The fund also holds short-term fixed-income securities as collateral, providing a balanced approach to commodity investment.

Investors seeking further insights or updates regarding the Direxion Auspice Broad Commodity Strategy ETF can access detailed information through platforms that track institutional holdings and 13F filings.