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.
Image: Bigstock
Information Technology ETF (VGT) Hits New 52-Week High
For investors looking for momentum, Vanguard Information Technology ETF (VGT - Free Report) is probably a suitable pick. The fund just hit a 52-week high, up roughly 49.1% from its 52-week low of $154.72/share.
But does it have more gains in store? Let’s take a look at the fund and its near-term outlook to gain an insight into where it might be headed:
VGT in Focus
The fund seeks to track the performance of a benchmark index that measures the investment return of stocks in the information technology sector. VGT is charging 10 bps in fees. The fund has amassed $23.01 billion in AUM.
Why the Move?
Wall Street continues to soar on Sino-U.S. trade war talks, release of some encouraging U.S. economic data and a decent earnings season so far. In such a scenario, funds with exposure to riskier sectors like information technology are gaining popularity among investors.
More Gains Ahead?
Currently, VGT has a Zacks Rank #1 (Strong Buy). Moreover, it seems VGT might remain strong given a positive weighted alpha of 28.1.
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>>