T. Rowe Price Technology ETF (NASDAQ:TTEQ) Reaches New 12-Month High – Here’s What Happened

T. Rowe Price Technology ETF (NASDAQ:TTEQ) shares hit a new 52-week high on Friday. The company traded as high as $45.87 and last traded at $45.89, with a volume of 22851 shares traded. The stock had previously closed at $44.88.

T. Rowe Price Technology ETF Stock Performance

The company has a 50-day moving average of $41.87 and a 200-day moving average of $39.92. The stock has a market capitalization of $499.98 million, a price-to-earnings ratio of 36.82 and a beta of 1.88.

Hedge Funds Weigh In On T. Rowe Price Technology ETF

Several hedge funds have recently bought and sold shares of TTEQ. Integrated Wealth Concepts LLC lifted its position in shares of T. Rowe Price Technology ETF by 5.6% in the second quarter. Integrated Wealth Concepts LLC now owns 56,271 shares of the company’s stock valued at $2,510,000 after acquiring an additional 2,959 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in T. Rowe Price Technology ETF by 5,328.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 49,670 shares of the company’s stock worth $1,615,000 after purchasing an additional 48,755 shares in the last quarter. Kestra Advisory Services LLC increased its position in T. Rowe Price Technology ETF by 573.6% during the 1st quarter. Kestra Advisory Services LLC now owns 42,102 shares of the company’s stock worth $1,274,000 after purchasing an additional 35,852 shares in the last quarter. Integrity Wealth Partners LLC acquired a new position in T. Rowe Price Technology ETF in the 1st quarter valued at about $1,212,000. Finally, Cetera Investment Advisers raised its stake in T. Rowe Price Technology ETF by 13.1% in the 1st quarter. Cetera Investment Advisers now owns 29,142 shares of the company’s stock valued at $882,000 after purchasing an additional 3,384 shares during the last quarter.

T. Rowe Price Technology ETF Company Profile

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.