49,852 Shares in Roundhill Memory ETF $DRAM Purchased by FirstWave Capital Management LLC

FirstWave Capital Management LLC bought a new stake in Roundhill Memory ETF (BATS:DRAM) during the second quarter, HoldingsChannel reports. The institutional investor bought 49,852 shares of the ETF’s stock, valued at approximately $3,682,000. Roundhill Memory ETF comprises about 1.6% of FirstWave Capital Management LLC’s holdings, making the stock its 16th largest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of DRAM. Wedbush Securities Inc. purchased a new stake in shares of Roundhill Memory ETF during the 2nd quarter worth approximately $2,758,000. SMART Wealth LLC purchased a new stake in Roundhill Memory ETF during the second quarter valued at about $2,064,000. Concurrent Investment Advisors LLC bought a new position in Roundhill Memory ETF in the 2nd quarter worth approximately $1,540,000. TD Waterhouse Canada Inc. bought a new position in shares of Roundhill Memory ETF in the second quarter worth $209,000. Finally, Strengthening Families & Communities LLC bought a new stake in shares of Roundhill Memory ETF during the second quarter valued at about $70,000.

Roundhill Memory ETF Trading Up 6.6%

Shares of DRAM stock opened at $59.69 on Friday. The stock has a fifty day simple moving average of $56.77. Roundhill Memory ETF has a 52-week low of $26.14 and a 52-week high of $81.34.

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.