TTEQ - AI Analysis

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T. Rowe Price Technology ETF (TTEQ)

Rating:76Outperform

Price Target:

$38.00

The T. Rowe Price Technology ETF (TTEQ) has a strong overall rating, driven by its holdings in high-performing companies like Nvidia and Microsoft. Nvidia contributes significantly due to its leadership in AI infrastructure and robust revenue growth, while Microsoft benefits from its strategic investments in cloud and AI services. However, the ETF's rating is slightly tempered by holdings such as AMD and Amazon, which face valuation concerns and technical challenges. The fund's concentration in the technology sector may pose risks during periods of market volatility.

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)

AUM71.96M

RegionGlobal

Expense Ratio0.63%

Beta1.35

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. Volume10,025

30 Day Avg. Volume12,526

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

37.36

Price Target Upside― Downside

Rating ConsensusStrong Buy

Number of Analyst Covering62

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 semiconductor giants like Nvidia and AMD leading the charge thanks to their strong positioning in AI and advanced chip technologies. TSMC and Broadcom are also steady contributors, benefiting from robust demand and strategic focus on cutting-edge tech. However, Meta and Amazon are holding the fund back with mixed or lagging performance, weighed down by regulatory challenges and margin pressures. With a clear tilt toward the technology sector and a global mix of holdings, this ETF is a bet on the future of digital transformation.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
NVDA	Nvidia	10.99%	$7.74M	$4.89T	42.32%	85 Outperform
MSFT	Microsoft	7.52%	$5.30M	$4.03T	25.49%	83 Outperform
AAPL	Apple	6.91%	$4.87M	$3.99T	15.12%	78 Outperform
AVGO	Broadcom	6.15%	$4.34M	$1.76T	108.08%	79 Outperform
TSM	TSMC	5.70%	$4.02M	$1.25T	53.11%	81 Outperform
AMD	Advanced Micro Devices	4.60%	$3.24M	$418.71B	55.19%	77 Outperform
META	Meta Platforms	3.80%	$2.68M	$1.89T	26.66%	82 Outperform
AMZN	Amazon	3.22%	$2.27M	$2.44T	20.13%	77 Outperform
ASML	ASML Holding	2.94%	$2.07M	$403.67B	47.17%	81 Outperform
GOOGL	Alphabet Class A	2.90%	$2.04M	$3.24T	57.63%	82 Outperform

TTEQ Technical Analysis

Technical Analysis Sentiment

Positive

Last Price―

Price Trends

50DMA

31.94

Positive

100DMA

30.59

Positive

200DMA

27.97

Positive

Market Momentum

MACD

0.54

Negative

RSI

67.99

Neutral

STOCH

97.17

Negative

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 33.08, equal to the 50-day MA of 31.94, and equal to the 200-day MA of 27.97, indicating a bullish trend. The MACD of 0.54 indicates Negative momentum. The RSI at 67.99 is Neutral, neither overbought nor oversold. The STOCH value of 97.17 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TTEQ.

TTEQ Peer Comparison

Comparison Results

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
TTEQ	―	―	$71.96M	0.63%	76 Outperform
LPRE	―	―	$77.73M	1.00%	68 Neutral
FMED	―	―	$58.94M	0.50%	61 Neutral
BLDG	―	―	$51.05M	0.59%	56 Neutral
TEK	―	―	$33.43M	0.75%	74 Outperform
XDAT	―	―	$4.23M	0.50%	73 Outperform

Performance Comparison

TTEQ

T. Rowe Price Technology ETF

34.59

8.91

34.70%

LPRE

Long Pond Real Estate Select ETF

―

FMED

Fidelity Disruptive Medicine ETF

―

BLDG

Cambria Global Real Estate ETF

―

TEK

iShares Technology Opportunities Active ETF

―

XDAT

Franklin Exponential Data ETF

―

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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