For investors seeking momentum, Vanguard MidCap Growth ETF (VOT) is probably on radar. The fund just hit a 52-week high and is up 104.4% from its 52-week low price of $106.07 per 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:
VOT in Focus
This fund offers exposure to U.S. mid-cap stocks with growth characteristics. The fund charges 7 basis points in annual fees (see all Mid Cap Growth ETFs here).
Why the Move?
The mid-cap space of the broad U.S. stock market has been an area to watch lately given the soaring stock market as well as recovering economies from the COVID-related slump. While vaccine optimism and easy monetary and fiscal policies are a plus for the economies and markets, the emergence of a new strain of virus is a concern. In this scenario, mid-cap funds offer the best of both worlds — small-cap’s growth and large-cap’s stability. Also, interest rates in the United States likely to remain low for a decent period of time, which should favor overall growth investing.
More Gains Ahead?
The fund has a Zacks Rank #1 (Strong Buy). As a result, there is still some promise for aggressive investors who want to ride on this surging ETF.
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
For investors seeking momentum, Vanguard MidCap Growth ETF (VOT) is probably on radar. The fund just hit a 52-week high and is up 104.4% from its 52-week low price of $106.07 per 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:
VOT in Focus
This fund offers exposure to U.S. mid-cap stocks with growth characteristics. The fund charges 7 basis points in annual fees (see all Mid Cap Growth ETFs here).
Why the Move?
The mid-cap space of the broad U.S. stock market has been an area to watch lately given the soaring stock market as well as recovering economies from the COVID-related slump. While vaccine optimism and easy monetary and fiscal policies are a plus for the economies and markets, the emergence of a new strain of virus is a concern. In this scenario, mid-cap funds offer the best of both worlds — small-cap’s growth and large-cap’s stability. Also, interest rates in the United States likely to remain low for a decent period of time, which should favor overall growth investing.
More Gains Ahead?
The fund has a Zacks Rank #1 (Strong Buy). As a result, there is still some promise for aggressive investors who want to ride on this surging ETF.
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 >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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