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Growth ETF (VUG) Hits New 52-Week High
For investors seeking momentum, Vanguard Growth ETF (VUG - Free Report) is probably on radar now. The fund just hit a 52-week high, which is up roughly 23.6% from its 52-week low price of $127.70/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:
VUG in Focus
The fund offers exposure to a basket of large-cap companies. The fund charges investors 5 basis points a year in fees and has top holdings Apple, Amazon and Alphabet (see all large-cap ETFs here).
Why the Move?
An upbeat U.S. economy, solid earnings clip and reconciliation between the United States and European Union on the trade front gave the fund a boost in the recent session.
More Gains Ahead?
The fund has a Zacks Rank #2 (Buy) and a positive weighted alpha of 21.60. So, there is definitely still some promise for those who want to ride on this surging ETF a little longer.
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