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

T. Rowe Price Technology ETF (NASDAQ:TTEQ)’s stock price crossed below its two hundred day moving average during trading on Friday. The stock has a two hundred 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 trading hands.

T. Rowe Price Technology ETF Stock Performance

The firm’s 50 day moving average is $42.50 and its 200-day moving average is $38.61. The stock has a market capitalization of $453.14 million, a price-to-earnings ratio of 36.82 and a beta of 1.84.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC grew its position in shares of T. Rowe Price Technology ETF by 5.6% during the 2nd 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 during the period. Kestra Advisory Services LLC raised its holdings in T. Rowe Price Technology ETF by 573.6% in 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 during the period. Integrity Wealth Partners LLC acquired a new position in T. Rowe Price Technology ETF in the 1st quarter worth about $1,212,000. PCG Wealth Advisors LLC raised its holdings in T. Rowe Price Technology ETF by 13.3% in the 2nd quarter. PCG Wealth Advisors LLC now owns 23,692 shares of the company’s stock worth $1,057,000 after purchasing an additional 2,777 shares during the period. Finally, Cetera Investment Advisers boosted its position 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 worth $882,000 after purchasing an additional 3,384 shares in the last quarter.

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.