Envestnet Asset Management Inc. Makes New $546,000 Investment in T. Rowe Price Technology ETF $TTEQ

Envestnet Asset Management Inc. purchased a new stake in T. Rowe Price Technology ETF (NASDAQ:TTEQ) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,786 shares of the company’s stock, valued at approximately $546,000. Envestnet Asset Management Inc. owned about 1.14% of T. Rowe Price Technology ETF at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of TTEQ. Ameriflex Group Inc. purchased a new stake in T. Rowe Price Technology ETF in the 2nd quarter valued at approximately $64,000. Clear Harbor Asset Management LLC raised its holdings in shares of T. Rowe Price Technology ETF by 18.5% in the second quarter. Clear Harbor Asset Management LLC now owns 14,375 shares of the company’s stock worth $418,000 after acquiring an additional 2,245 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of T. Rowe Price Technology ETF in the second quarter valued at $926,000.

T. Rowe Price Technology ETF Stock Up 3.7%

TTEQ opened at $31.89 on Tuesday. The firm has a market cap of $66.97 million, a P/E ratio of 36.82 and a beta of 1.84. The business’s fifty day simple moving average is $32.76 and its 200 day simple moving average is $30.30. T. Rowe Price Technology ETF has a 52 week low of $19.83 and a 52 week high of $35.02.

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.