T. Rowe Price Technology ETF (NASDAQ:TTEQ) Shares Break Below 200 Day Moving Average – Here’s Why

T. Rowe Price Technology ETF (NASDAQ:TTEQ) shares 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 changing hands.

T. Rowe Price Technology ETF Price Performance

The stock has a market capitalization of $453.14 million, a PE ratio of 36.82 and a beta of 1.84. The business’s fifty day moving average price is $42.50 and its 200-day moving average price is $38.61.

Institutional Trading of T. Rowe Price Technology ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Western Wealth Management LLC purchased a new stake in T. Rowe Price Technology ETF in the 1st quarter worth approximately $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 raised its position 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 buying an additional 422 shares in the last quarter. Independent Financial Group LLC purchased a new stake in shares of T. Rowe Price Technology ETF in the first quarter worth $702,000. Finally, Cetera Investment Advisers boosted its stake in T. Rowe Price Technology ETF by 13.1% during the first quarter. Cetera Investment Advisers now owns 29,142 shares of the company’s stock valued at $882,000 after buying an additional 3,384 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.