Roundhill Memory ETF $DRAM Stock Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lessened its stake in Roundhill Memory ETF (BATS:DRAM) by 70.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 31,567 shares of the ETF’s stock after selling 75,113 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Roundhill Memory ETF were worth $1,905,000 as of its most recent SEC filing.

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

Roundhill Memory ETF Stock Up 6.2%

BATS:DRAM opened at $39.29 on Friday. The company has a 50 day moving average price of $54.65 and a 200-day moving average price of $54.95. Roundhill Memory ETF has a 1-year low of $26.14 and a 1-year high of $81.34.

About Roundhill Memory ETF

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.