T. Rowe Price Technology ETF (TTEQ)
NASDAQ (NMS) NASDAQ (NMS) Primary Summary
TTEQ Chart
How Active ETFs Can Outperform Indexes for Tech, AI IPOs
As though this year wasn't already a huge one in the tech landscape, now a trio of huge technology companies are plotting game changing IPOs. SpaceX, Anthropic, and OpenAI all are reported or rumored to be looking at IPOs this year.
TTEQ: High-Priced Tech High Achievers, Worth Shortlisting, A Hold
T Rowe Price Technology ETF is an actively managed vehicle focused on global technology names. NVDA-heavy TTEQ has impressively outperformed QQQM, IVV, and a few tech ETFs since its inception and YTD. However, I gravitate towards the neutral stance as I see no convincing GARP characteristics, a 1.7 weighted average beta, and a downside capture ratio of 124.4%.
ETF Prime: Quality & Tech Strategies in Focus
Lance Humphrey, head of portfolio management at Victory Capital, and Dom Rizzo, portfolio manager at T. Rowe Price, joined Nate Geraci on this week's ETF Prime to discuss quality investing and active technology strategies.
T. Rowe Price Technology ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CK Craig Kurth PCG Wealth Advisors LLC | 20,915 | $632,887.9 | $891,188.15 | $258,300.25 | 40.81% |
| ST Steven Trigili Garden State Investment Advisory Services LLC | 26,533 | $802,807 | $1.13M | $327,764.13 | 40.83% |
 United Advisor Group LLC United Advisor Group, LLC | 35,870 | $1.06M | $1.53M | $464,137.33 | 43.61% |
| WCP Wealthcare Capital Partners LLC Wealthcare Capital Partners LLC | 10,255 | $330,706.15 | $436,965.55 | $106,259.4 | 32.13% |
T. Rowe Price Technology ETF (TTEQ) FAQ
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T. Rowe Price Technology ETF Profile
| NASDAQ (NMS) Exchange | US Country |
Overview
TTEQ is an investment fund that focuses on harnessing the transformative power of technology across a wide range of industries. The fund is managed by advisers who prioritize investments in companies they consider to be enduring technology firms. These selections are made through a meticulous process of fundamental research, evaluating the business prospects of companies, their stock valuation, and the potential for share price appreciation. TTEQ's investment portfolio predominantly includes large-cap companies with proven track records. However, it also strategically invests in smaller, emerging companies that are introducing innovative technologies, including those that have recently gone public. Additionally, TTEQ places importance on investing in companies that, while not primarily technology firms, stand to gain significantly from technological advancements. The fund's scope is global, with investments spanning both the United States and international markets, including emerging economies.
Products and Services
- Investment in Enduring Technology Companies
TTEQ strategically invests in large-cap technology companies that have demonstrated resilient and enduring business models. By focusing on companies with a proven track record of stability and growth, the fund aims to provide investors with a solid foundation for potential share price appreciation. These companies are typically leaders in their respective sectors, offering innovative products and services that drive their long-term growth.
- Emerging Firms and Recent IPOs
In addition to established companies, TTEQ actively seeks out smaller, emerging firms that are at the forefront of technological innovation. This includes companies that have recently completed their initial public offerings (IPOs). Such investments offer the potential for high growth and are selected based on their revolutionary technologies and business models that can disrupt existing industries or create new market opportunities.
- Companies Benefiting Indirectly from Technological Advancements
The fund also recognizes the value in companies outside the core technology sector that stand to benefit from technological advancements. These might be firms in traditional industries that are leveraging technology to enhance their operational efficiencies, consumer engagement, or product offerings. By investing in such companies, TTEQ capitalizes on the broader impact of technology across various sectors.
- Global Investment Reach
TTEQ is not bound by geographical limitations when it comes to investments. The fund has a global outlook, investing in technology-driven companies across the United States, as well as in international and emerging markets. This approach allows TTEQ to take advantage of global technology trends and diversify its investment portfolio, reducing regional risks and tapping into the growth potential of different economies.
