For investors seeking momentum, PowerShares S&P SmallCap Consumer Staples ETF (PSCC Quick QuotePSCC - Free Report) is probably on radar now. The fund just hit a 52-week high and is up over 38.3% from its 52-week low price of $50.23/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:

PSCC in Focus    

PSCC focuses on the consumer staples segment of the U.S. market. The fund has a small-cap focus with key holdings in food products and retailing while household products, and personal products also get a double-digit allocation each. It charges investors 29 basis points a year in fees and is heavily concentrated on the top three holdings – B&G Foods, Darling Ingredients and J&J Snack Foods Corp (see: all the Consumer Staples ETFs here).

Why the Move?

The consumer staples sector has been an area to watch lately as the U.S. economy has been gaining momentum. Greater spending along with a solid labor market is creating a great situation for those in the consumer segment.

Investors should note that consumer confidence jumped to a nine-year high in November which should bode well for consumer stocks. Also, U.S. small-cap stocks have emerged as winners following Trump’s victory on hopes of fiscal reflation.

More Gains Ahead?

It seems that PSCC might continue with its strength given a positive weighted alpha of 27.90. Since a positive weighted alpha hints at more gains, there is definitely still some promise for investors who want to ride this surging ETF a little further.

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