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TTEQ - ETF AI Analysis
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T. Rowe Price Technology ETF (TTEQ)
Rating:73Outperform
Price Target:―
Positive Factors
Strong Top Holdings
Several key holdings, such as Nvidia, Broadcom, and AMD, have delivered strong year-to-date performance, driving the ETF’s returns.
Sector Focus on Technology
The ETF’s heavy exposure to the technology sector positions it to benefit from growth in innovation and digital transformation.
Healthy Year-to-Date Performance
The ETF has shown solid year-to-date gains, indicating strong momentum in its portfolio.
Negative Factors
High Concentration in Technology
With nearly 70% of its portfolio in technology, the ETF is highly sensitive to downturns in this sector.
Limited Geographic Diversification
The ETF is heavily weighted toward U.S. companies, leaving it vulnerable to domestic market risks.
Moderate Expense Ratio
The ETF’s expense ratio is higher than some low-cost alternatives, which could slightly reduce net returns over time.
TTEQ vs. SPDR S&P 500 ETF (SPY)
AUM110.12M
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. Volume22,920
30 Day Avg. Volume34,680
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
39.86Price Target Upside― Downside
Rating ConsensusStrong Buy
Number of Analyst Covering60
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
TTEQ Summary
The T. Rowe Price Technology ETF (TTEQ) is an investment fund focused on the Information Technology sector, offering exposure to a mix of leading tech companies and innovative newcomers. It includes well-known names like Nvidia and Microsoft, as well as firms in software, hardware, IT services, and semiconductors. This ETF is ideal for investors who believe in the long-term growth potential of technology and want to diversify their portfolio with a focus on this dynamic sector. However, it’s important to note that the ETF’s performance is closely tied to the tech industry, which can be volatile and sensitive to market changes.
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
The T. Rowe Price Technology ETF is riding the wave of innovation, with a clear focus on tech heavyweights and emerging players. Nvidia and AMD are leading the charge, fueled by their strong positioning in AI and data center growth, while TSMC’s steady performance in advanced chip technologies adds stability. However, Microsoft and Meta have been lagging recently, with mixed signals from their technical indicators and expense concerns. The fund is heavily concentrated in the technology sector, with a global mix of holdings, making it a compelling choice for investors bullish on tech’s transformative potential.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Nvidia | 11.01% | $12.12M | $4.49T | 36.15% | 76 Outperform | |
| Microsoft | 5.87% | $6.46M | $3.55T | 14.12% | 79 Outperform | |
| Broadcom | 5.75% | $6.32M | $1.58T | 48.22% | 76 Outperform | |
| TSMC | 5.63% | $6.19M | $1.38T | 52.62% | 81 Outperform | |
| Apple | 5.40% | $5.94M | $3.83T | 9.37% | 79 Outperform | |
| Advanced Micro Devices | 3.90% | $4.29M | $333.23B | 76.39% | 73 Outperform | |
| Alphabet Class A | 3.75% | $4.12M | $3.97T | 69.46% | 85 Outperform | |
| Meta Platforms | 3.52% | $3.87M | $1.65T | 4.90% | 76 Outperform | |
| Alphabet Class C | 3.46% | $3.81M | $3.97T | 68.77% | 82 Outperform | |
| Amazon | 3.18% | $3.49M | $2.63T | 12.49% | 71 Outperform |
TTEQ Technical Analysis
Positive
―
Price Trends
32.81
Positive
32.34
Positive
29.58
Positive
Market Momentum
0.14
Negative
51.84
Neutral
73.20
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For TTEQ, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 32.66, equal to the 50-day MA of 32.81, and equal to the 200-day MA of 29.58, indicating a bullish trend. The MACD of 0.14 indicates Negative momentum. The RSI at 51.84 is Neutral, neither overbought nor oversold. The STOCH value of 73.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TTEQ.
TTEQ Peer Comparison
Comparison Results
Performance Comparison
TTEQ
T. Rowe Price Technology ETF
32.90
7.05
27.27%
EIPI
FT Energy Income Partners Enhanced Income ETF
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AVRE
Avantis Real Estate ETF
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―
VGSR
Vert Global Sustainable Real Estate ETF
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DFNL
Davis Select Financial Etf
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EIPX
FT Energy Income Partners Strategy ETF
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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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