20,463 Shares in Roundhill Memory ETF $DRAM Purchased by Sowell Financial Services LLC

Sowell Financial Services LLC bought a new stake in Roundhill Memory ETF (BATS:DRAM) in the third quarter, Holdings Channel reports. The institutional investor bought 20,463 shares of the ETF’s stock, valued at approximately $1,235,000.

A number of other large investors have also modified their holdings of DRAM. Comprehensive Financial Planning Inc. PA bought a new position in Roundhill Memory ETF in the second quarter worth $27,000. IFP Advisors Inc bought a new stake in Roundhill Memory ETF in the 2nd quarter valued at $32,000. Root Financial Partners LLC acquired a new position in shares of Roundhill Memory ETF in the 3rd quarter valued at $40,000. Strengthening Families & Communities LLC acquired a new position in shares of Roundhill Memory ETF in the 2nd quarter valued at $70,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Roundhill Memory ETF during the 3rd quarter worth about $73,000.

Roundhill Memory ETF Stock Down 7.2%

BATS:DRAM opened at $48.01 on Friday. The stock’s 50-day simple moving average is $55.97. 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.