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
Mid-Cap Growth ETF (VOT) Hits New 52-Week High
For investors seeking momentum, Vanguard MidCap Growth ETF (VOT - Free Report) ) 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 >>