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TTEQ - ETF AI Analysis
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T. Rowe Price Technology ETF (TTEQ)
Rating:73Outperform
Price Target:―
Positive Factors
Leading Tech Giants in Top Holdings
The ETF holds many well-known technology leaders, which have historically been key drivers of growth in the tech sector.
Exposure to Strongly Performing Chipmakers
Several major semiconductor stocks in the top holdings have shown strong recent performance, helping support the fund’s returns.
Focused Yet Somewhat Diversified Sector Mix
While mainly a technology fund, it also includes communication services and consumer-related companies, adding some variety within the growth-oriented theme.
Negative Factors
High Concentration in a Few Tech Stocks
A small group of large technology names makes up a big share of the portfolio, increasing the impact if any of them struggle.
Mixed Recent Performance
The ETF’s short-term results have been choppy, with a weak three-month stretch and only modest gains so far this year.
Higher Expense Ratio
The fund’s fee is relatively high for an ETF, which can gradually reduce net returns compared with lower-cost alternatives.
TTEQ vs. SPDR S&P 500 ETF (SPY)
AUM148.01M
RegionGlobal
Expense Ratio0.63%
Beta1.39
IssuerT. Rowe Price
Inception DateOct 23, 2024
Dividend YieldN/A
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume114,407
30 Day Avg. Volume51,245
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
41.54Price Target Upside― Downside
Rating ConsensusStrong Buy
Number of Analyst Covering63
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
TTEQ Summary
The T. Rowe Price Technology ETF (TTEQ) is a fund that focuses on the information technology theme, mainly in the U.S. It doesn’t track a set index, but instead holds a hand-picked mix of tech-related companies across software, hardware, chips, and IT services. Well-known holdings include Microsoft, Apple, Nvidia, and Alphabet (Google). Someone might invest in TTEQ if they believe technology will keep driving long-term growth and want an easy way to own many tech leaders at once. A key risk is that it is heavily concentrated in technology, so its price can swing more than the overall market.
How much will it cost me?The T. Rowe Price Technology ETF (TTEQ) has an expense ratio of 0.63%, meaning you’ll pay $6.30 per year for every $1,000 invested. This is higher than average because it is actively managed, focusing on selecting specific technology companies rather than tracking a broad index. Active management typically involves more research and decision-making, which increases costs.
What would affect this ETF?The T. Rowe Price Technology ETF (TTEQ) could benefit from continued global demand for innovation in areas like artificial intelligence, cloud computing, and semiconductors, which are supported by its top holdings such as Nvidia, Microsoft, and Apple. However, rising interest rates or regulatory changes targeting large tech companies could negatively impact growth prospects, while economic slowdowns might reduce consumer and business spending on technology. Its global exposure also means it could be affected by geopolitical tensions or trade restrictions impacting the tech sector.
TTEQ Top 10 Holdings
TTEQ is riding a powerful semiconductor and mega-cap tech wave, with Nvidia, TSMC, AMD, Intel, and ASML forming the engine under the hood. ASML, TSMC, and AMD have been rising, giving the fund a solid boost, while Intel has shifted from old-guard laggard to surprising leader lately. Alphabet’s twin share classes add steady, AI-driven support. On the flip side, Microsoft, Apple, and Broadcom have been losing a bit of steam, acting as mild brakes. Overall, it’s a globally diversified, chip-heavy tech story with a clear tilt toward U.S. and Asian innovators.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Nvidia | 11.19% | $16.56M | $4.57T | 41.20% | 76 Outperform | |
| TSMC | 6.27% | $9.28M | $1.57T | 86.91% | 81 Outperform | |
| Broadcom | 5.97% | $8.83M | $1.58T | 52.13% | 76 Outperform | |
| Apple | 5.26% | $7.79M | $3.88T | 7.75% | 79 Outperform | |
| Microsoft | 4.48% | $6.63M | $2.97T | -2.69% | 79 Outperform | |
| Advanced Micro Devices | 3.99% | $5.91M | $326.28B | 80.58% | 73 Outperform | |
| ASML Holding | 3.90% | $5.77M | $559.08B | 99.34% | 81 Outperform | |
| Meta Platforms | 3.56% | $5.26M | $1.63T | -4.08% | 76 Outperform | |
| Intel | 3.41% | $5.05M | $227.07B | 77.36% | 64 Neutral | |
| Alphabet Class C | 3.19% | $4.72M | $3.67T | 73.42% | 82 Outperform |
TTEQ Technical Analysis
Neutral
―
Price Trends
32.75
Negative
32.83
Negative
30.98
Positive
Market Momentum
-0.25
Positive
47.98
Neutral
58.71
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For TTEQ, the sentiment is Neutral. The current price of undefined is equal to the 20-day moving average (MA) of 32.56, equal to the 50-day MA of 32.75, and equal to the 200-day MA of 30.98, indicating a neutral trend. The MACD of -0.25 indicates Positive momentum. The RSI at 47.98 is Neutral, neither overbought nor oversold. The STOCH value of 58.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TTEQ.
TTEQ Peer Comparison
Comparison Results
Performance Comparison
TTEQ
T. Rowe Price Technology ETF
32.32
5.76
21.69%
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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