Ellis Investment Partners LLC Makes New $1.19 Million Investment in Roundhill Memory ETF $DRAM

Ellis Investment Partners LLC bought a new stake in Roundhill Memory ETF (BATS:DRAM) during the third quarter, HoldingsChannel reports. The firm bought 19,710 shares of the ETF’s stock, valued at approximately $1,190,000.

A number of other large investors also recently bought and sold shares of DRAM. Bouchey Financial Group Ltd. acquired a new stake in shares of Roundhill Memory ETF during the 2nd quarter valued at approximately $34,615,000. Oak Grove Capital LLC boosted its position in Roundhill Memory ETF by 32.3% during the 3rd quarter. Oak Grove Capital LLC now owns 335,950 shares of the ETF’s stock valued at $20,278,000 after purchasing an additional 82,050 shares during the period. CoreCap Advisors LLC bought a new stake in Roundhill Memory ETF in the 3rd quarter valued at about $14,827,000. Members Advisory Group LLC acquired a new position in Roundhill Memory ETF during the 2nd quarter valued at about $13,919,000. Finally, Light Street Capital Management LLC acquired a new stake in shares of Roundhill Memory ETF in the second quarter valued at approximately $8,862,000.

Roundhill Memory ETF Stock Performance

DRAM stock traded up $1.30 during trading on Wednesday, reaching $49.02. 13,427,425 shares of the company’s stock were exchanged, compared to its average volume of 42,073,758. Roundhill Memory ETF has a 1-year low of $26.14 and a 1-year high of $81.34. The company has a fifty day simple moving average of $57.21.

Roundhill Memory ETF (BATS: DRAM) is an exchange-traded fund offered by Roundhill Investments that provides targeted exposure to the memory semiconductor industry. Listed on the Cboe BZX Exchange under the ticker DRAM, the fund is intended to give investors access to companies whose primary business activities are connected to memory chips and related technologies.

The fund focuses on firms operating across the memory semiconductor supply chain, including companies involved in design and development of DRAM and NAND memory, wafer fabrication, packaging and testing, and the manufacture of semiconductor capital equipment and materials.