FirstWave Capital Management LLC Acquires Shares of 49,852 Roundhill Memory ETF $DRAM

FirstWave Capital Management LLC bought a new position in Roundhill Memory ETF (BATS:DRAM) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 49,852 shares of the ETF’s stock, valued at approximately $3,682,000. Roundhill Memory ETF makes up 1.6% of FirstWave Capital Management LLC’s portfolio, making the stock its 16th biggest holding.

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

Roundhill Memory ETF Trading Up 6.6%

Roundhill Memory ETF stock opened at $59.69 on Friday. Roundhill Memory ETF has a 52 week low of $26.14 and a 52 week high of $81.34. The business’s 50 day moving average price is $56.77.

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.