We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
For investors seeking momentum, iShares Russell 1000 Growth ETF (IWF - Free Report) is probably on radar now. The fund just hit a 52-week high, and is up roughly 23.2% from its 52-week low price of $87.38/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:
IWF in Focus
This fund offers exposure to U.S. companies whose earnings are expected to grow at an above-average rate relative to the market. Holding a broad basket of 608 securities, the fund is well spread across components with none holding more than 5.54% of assets. It is a large cap centric fund with key holdings in information technology, consumer discretionary and healthcare. The product charges 20 bps in fees per year (see: all the Large Cap ETFs here).
Why the Move?
The growth space of the broad U.S. stock market has been an area to watch lately given its outperformance on Trump euphoria and improving domestic fundamentals. Growth stocks are leading the rally to start the year, as these tend to outperform in a trending market (i.e. a market characterized by a prolonged uptrend). Additionally, solid manufacturing and industrial activities across the globe are giving a boost to these stocks.
More Gains Ahead?
Currently, IWF has a Zacks ETF Rank of 3 or ‘Hold’ rating with a Medium risk outlook. Therefore, it is hard to get a handle on its future returns in one way or the other. 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.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Growth ETF (IWF) Hits New 52-Week High
For investors seeking momentum, iShares Russell 1000 Growth ETF (IWF - Free Report) is probably on radar now. The fund just hit a 52-week high, and is up roughly 23.2% from its 52-week low price of $87.38/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:
IWF in Focus
This fund offers exposure to U.S. companies whose earnings are expected to grow at an above-average rate relative to the market. Holding a broad basket of 608 securities, the fund is well spread across components with none holding more than 5.54% of assets. It is a large cap centric fund with key holdings in information technology, consumer discretionary and healthcare. The product charges 20 bps in fees per year (see: all the Large Cap ETFs here).
Why the Move?
The growth space of the broad U.S. stock market has been an area to watch lately given its outperformance on Trump euphoria and improving domestic fundamentals. Growth stocks are leading the rally to start the year, as these tend to outperform in a trending market (i.e. a market characterized by a prolonged uptrend). Additionally, solid manufacturing and industrial activities across the globe are giving a boost to these stocks.
More Gains Ahead?
Currently, IWF has a Zacks ETF Rank of 3 or ‘Hold’ rating with a Medium risk outlook. Therefore, it is hard to get a handle on its future returns in one way or the other. 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.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>