TTEQ - ETF AI Analysis
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T. Rowe Price Technology ETF (TTEQ)
Rating:67Neutral
Price Target:―
Positive Factors
Strong Year-To-Date Performance
The ETF has delivered strong gains so far this year, showing solid momentum in its technology-focused strategy.
Leading Semiconductor and Tech Holdings
Many of the largest positions, including major chipmakers and global tech leaders, have shown strong performance, helping drive the fund’s returns.
Global Tech Exposure with U.S. Focus
While most holdings are U.S.-based, the fund also includes companies from several other key tech markets, adding some international diversification.
Negative Factors
High Concentration in a Few Stocks
A small group of semiconductor and mega-cap tech names make up a large portion of the portfolio, increasing the impact if any of them stumble.
Single-Sector Focus
With most assets in technology and related industries, the ETF is highly sensitive to downturns in the tech sector.
Relatively High Expense Ratio
The fund’s fee is on the higher side for an ETF, which slightly reduces the net return investors keep over time.
TTEQ vs. SPDR S&P 500 ETF (SPY)
AUM363.72M
RegionGlobal
Expense Ratio0.63%
Beta1.52
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. Volume145,383
30 Day Avg. Volume142,571
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
51.84Price Target Upside― Downside
Rating ConsensusStrong Buy
Number of Analyst Covering68
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 technology companies, mainly in the U.S., and is actively managed rather than tracking a set index. It invests in a mix of well-known names like Nvidia and Apple, along with other chip makers and software firms, giving you broad exposure to the tech theme. Someone might invest in TTEQ if they believe technology will keep driving long-term growth and want a simple way to own many tech stocks at once. A key risk is that it is heavily dependent on tech, so its price can swing a lot and may fall sharply if the tech sector struggles.
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
This ETF is essentially a high-octane bet on global semiconductors, with Nvidia, AMD, and Broadcom steering the ship. Nvidia has been rising again after a choppy stretch, while AMD’s powerful run has been a key engine for recent gains. On the flip side, TSMC and SK hynix have turned more mixed lately, occasionally tapping the brakes on performance, and Intel has been lagging as it works through profitability challenges. ASML and Apple add steady support, but the fund’s fortunes largely rise and fall with this concentrated, globally diversified chip stack.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Nvidia | 11.07% | $39.24M | $4.86T | 15.56% | 76 Outperform | |
| Advanced Micro Devices | 6.86% | $24.32M | $776.41B | 177.32% | 73 Outperform | |
| Broadcom | 6.07% | $21.51M | $1.85T | 34.87% | 76 Outperform | |
| TSMC | 5.10% | $18.09M | $1.95T | 71.87% | 81 Outperform | |
| Intel | 4.08% | $14.47M | $454.97B | 367.12% | 64 Neutral | |
| Apple | 3.27% | $11.57M | $4.54T | 52.64% | 79 Outperform | |
| ASML Holding | 3.22% | $11.40M | $632.03B | 136.15% | 81 Outperform | |
| SK hynix Inc. | 3.12% | $11.05M | ₩10.00T> | 565.89% | ― | |
| Micron | 3.06% | $10.85M | $929.52B | 684.73% | 79 Outperform | |
| Alphabet Class A | 2.59% | $9.18M | $4.36T | 88.30% | 85 Outperform |
TTEQ Technical Analysis
Neutral
―
Price Trends
42.12
Negative
38.51
Positive
35.62
Positive
Market Momentum
-0.98
Positive
44.58
Neutral
34.59
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 40.64, equal to the 50-day MA of 42.12, and equal to the 200-day MA of 35.62, indicating a neutral trend. The MACD of -0.98 indicates Positive momentum. The RSI at 44.58 is Neutral, neither overbought nor oversold. The STOCH value of 34.59 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
39.39
9.43
31.48%
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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.
DisclaimerThis 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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