T. Rowe Price Technology ETF (NASDAQ:TTEQ) Trading 0.2% Higher – Still a Buy?

T. Rowe Price Technology ETF (NASDAQ:TTEQ) was up 0.2% on Monday . The stock traded as high as $33.54 and last traded at $33.37. Approximately 21,628 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 53,802 shares. The stock had previously closed at $33.29.

T. Rowe Price Technology ETF Trading Up 0.2%

The company has a market capitalization of $126.81 million, a PE ratio of 36.82 and a beta of 1.84. The firm’s 50-day simple moving average is $32.72 and its 200-day simple moving average is $31.99.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TTEQ. Citadel Advisors LLC increased its holdings in T. Rowe Price Technology ETF by 453.3% during the third quarter. Citadel Advisors LLC now owns 67,939 shares of the company’s stock valued at $2,194,000 after buying an additional 55,661 shares during the period. 4J Wealth Management LLC lifted its stake in shares of T. Rowe Price Technology ETF by 45.4% during the 3rd quarter. 4J Wealth Management LLC now owns 142,251 shares of the company’s stock worth $4,594,000 after purchasing an additional 44,445 shares during the last quarter. Jane Street Group LLC grew its position in shares of T. Rowe Price Technology ETF by 306.4% in the 2nd quarter. Jane Street Group LLC now owns 50,000 shares of the company’s stock worth $1,454,000 after buying an additional 37,697 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of T. Rowe Price Technology ETF in the 2nd quarter worth approximately $926,000. Finally, United Advisor Group LLC acquired a new stake in shares of T. Rowe Price Technology ETF in the 2nd quarter worth $632,000.

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.