For investors seeking momentum, iShares U.S. Financials ETF (IYF Quick QuoteIYF - Free Report) is probably on radar now. The fund just hit a 52-week high, and is up over 32% from its 52-week low price of $73.35/share.

But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea on where it might be headed:

IYF in Focus    

This ETF provides diversified exposure to financials stocks with none holding more than 7.02% of assets. It has a large cap focus with key holdings in banks, diversified financials, real estate, and insurance. The fund charges investors 44 basis points a year in fees (see: all the Financial ETFs here).

Why the Move?

The financial space has been an area to watch lately especially after the surprising victory of Trump in the U.S. presidential election. This is because Trump’s likely tamer regulatory environment and lower taxes for hedge funds and private equity managers are incredible for the sector. Trump is looking to dismantle the Dodd-Frank Act, which was enacted in the aftermath of the financial crisis to impose stricter regulations on banks.

More Gains Ahead?

Currently, IYF has a Zacks ETF Rank of 4 or ‘Sell’ rating with a Medium risk outlook, suggesting that outperformance could stall in the months ahead. However, many of the segments that make up this ETF have a strong Zacks Industry Rank, so there is definitely some promise for those who want to ride this surging ETF a little further.

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