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

Ellis Investment Partners LLC acquired a new stake in Roundhill Memory ETF (BATS:DRAM) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 19,710 shares of the ETF’s stock, valued at approximately $1,190,000.

A number of other hedge funds have also modified their holdings of the business. Bouchey Financial Group Ltd. purchased a new position in Roundhill Memory ETF during the second quarter worth $34,615,000. Oak Grove Capital LLC raised its position in shares of Roundhill Memory ETF by 32.3% in the third quarter. Oak Grove Capital LLC now owns 335,950 shares of the ETF’s stock valued at $20,278,000 after buying an additional 82,050 shares during the last quarter. CoreCap Advisors LLC acquired a new stake in Roundhill Memory ETF during the third quarter worth approximately $14,827,000. Members Advisory Group LLC purchased a new stake in shares of Roundhill Memory ETF in the second quarter valued at $13,919,000. Finally, Light Street Capital Management LLC purchased a new stake in Roundhill Memory ETF in the second quarter valued at approximately $8,862,000.

Roundhill Memory ETF Stock Performance

DRAM traded up $1.30 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 twelve month low of $26.14 and a twelve month high of $81.34. The company’s 50 day simple moving average is $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.