T. Rowe Price Technology ETF (NASDAQ:TTEQ) Stock Breaks Below Two Hundred Day Moving Average – What’s Next?

T. Rowe Price Technology ETF (NASDAQ:TTEQ)’s stock price passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $38.61 and traded as low as $37.93. T. Rowe Price Technology ETF shares last traded at $38.50, with a volume of 182,755 shares.

T. Rowe Price Technology ETF Stock Down 6.5%

The firm has a market capitalization of $453.14 million, a PE ratio of 36.82 and a beta of 1.84. The stock has a 50-day simple moving average of $42.50 and a 200-day simple moving average of $38.61.

Hedge Funds Weigh In On T. Rowe Price Technology ETF

Several large investors have recently modified their holdings of TTEQ. Western Wealth Management LLC bought a new stake in T. Rowe Price Technology ETF during the 1st quarter valued at $45,000. Sax Wealth Advisors LLC bought a new position in shares of T. Rowe Price Technology ETF in the third quarter worth $286,000. Wealthcare Capital Partners LLC boosted its holdings in shares of T. Rowe Price Technology ETF by 4.1% in the second quarter. Wealthcare Capital Partners LLC now owns 10,677 shares of the company’s stock worth $476,000 after acquiring an additional 422 shares during the period. Independent Financial Group LLC purchased a new position in shares of T. Rowe Price Technology ETF in the first quarter valued at $702,000. Finally, PCG Wealth Advisors LLC raised its stake in shares of T. Rowe Price Technology ETF by 13.3% during the 2nd quarter. PCG Wealth Advisors LLC now owns 23,692 shares of the company’s stock valued at $1,057,000 after purchasing an additional 2,777 shares during the period.

About T. Rowe Price Technology ETF

The T. Rowe Price Technology ETF (TTEQ) is an exchange-traded fund. The ETF currently has 28.34m in AUM and 56 holdings. TTEQ is actively managed, seeking long-term capital growth by investing in large-cap technology companies globally and those whose market share is largely based on their technology capabilities. TTEQ was launched on Oct 23, 2024 and is issued by T. Rowe Price.