For investors seeking momentum, Invesco S&P Global Dividend Opportunities Index ETF is probably on radar now. The fund just hit a 52-week high and is up about 18.6% from its 52-week low price of $9.85/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:

LVL in Focus

LVL provides exposure to securities that offer high-dividend yields chosen from a universe consisting of the stocks listed in on the exchanges of those countries included in the S&P Global Broad Market Index. It has key holdings in financials, communication services, industrials and consumer staples. The fund charges 64 basis points in annual fees (see: all the World ETFs here).

Why the Move?

The dividend corner of the broad U.S. stock market has been an area to watch lately given the escalating trade frictions that have increased global slowdown concerns. In such a scenario, dividend-paying securities are the major sources of consistent income for investors when returns from the equity market are at risk. This is because dividend products offer the best combination of safety in the form of payouts and stability as these are less immune to the large swings in stock prices.

More Gains Ahead?

Currently, LVL has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook. Therefore, it is hard to get a handle on its future returns 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.

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