T. Rowe Price Technology ETF
TTEQ
NASDAQ Global Market- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 100 East Pratt Street Baltimore MD United States of America 21202
- IPO Date
- Oct 24, 2024
- Website
- troweprice.com
- Similar Companies
- Business
- T. Rowe Price Technology ETF (TTEQ) is an actively managed exchange-traded fund that seeks long-term capital growth by investing at least 80% of its net assets in securities of companies expected to generate a majority of their revenue from technology or whose competitive edge and market share derive largely from technology capabilities; it primarily targets common stocks of enduring large-cap technology firms, with opportunistic allocations to small companies offering innovative technologies, across subsectors including systems software, interactive media and services, communications equipment, internet and direct marketing retail, application software, and internet services and infrastructure. Top holdings include NVIDIA Corporation, Microsoft Corporation, Taiwan Semiconductor Manufacturing Company Limited, Broadcom Inc., Apple Inc., Amazon.com, Inc., Meta Platforms, Inc., Advanced Micro Devices, Inc., ASML Holding N.V., and AppLovin Corporation, with approximately 40-50 high-conviction global positions and a net expense ratio of 0.63%. The ETF operates within the information technology sector, targeting growth-oriented investors seeking exposure to mission-critical technologies in secular growth markets through an active, tactical strategy emphasizing improving fundamentals and reasonable valuations. Launched on October 23, 2024, as T. Rowe Price's first thematic actively managed ETF, TTEQ began trading on the NASDAQ exchange and expanded the firm's active ETF lineup to 17 offerings, complementing its traditional mutual funds with ETF benefits such as tax efficiency and intraday trading flexibility. Managed by portfolio manager Dominic Rizzo, CFA, who oversees the related Global Technology Equity strategy with $9.4 billion in assets as of June 30, 2024, the ETF represents a strategic entry into thematic products amid evolving client demand for active management in the ETF wrapper. TTEQ is issued by T. Rowe Price Exchange-Traded Funds, Inc. and advised by T. Rowe Price Associates, Inc., a global investment management firm founded in 1937 and headquartered in Baltimore, Maryland, with operations serving clients in 55 countries and approximately $1.63 trillion in assets under management as of September 30, 2024.