We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
For investors seeking momentum, Vanguard Mega Cap Growth ETF (MGK - Free Report) is probably on the radar now. The fund just hit a 52-week high and is up about 41% from its 52-week low price of $174.51/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:
MGK in Focus
This ETF offers diversified exposure to the largest growth stocks in the U.S. market. It holds 114 securities in its basket with key holdings in information technology, consumer discretionary and industrials. It charges 7 basis points in annual fees (see: all the Large Cap Growth ETFs here).
Why the Move?
The growth space of the broader U.S. stock market has been an area to watch out for lately given the rally in the stock market. The S&P 500 and the tech-heavy Nasdaq Composite Index have been hitting record highs on renewed optimism over continued economic growth after Fed’s Pfizer’s (PFE - Free Report) full-vaccine approval. This coupled with strong earnings momentum has rekindled investors’ appetite for riskier assets. In particular, growth stocks tend to outperform in a trending market (i.e. a market characterized by a prolonged uptrend).
More Gains Ahead?
Currently, MGK has a Zacks ETF Rank #2 (Buy) with a Medium risk outlook, suggesting that the outperformance could continue in the months ahead. Further, many of the segments that make up this ETF have a strong Zacks Industry Rank, so there is definitely still some promise for those who want to ride on this surging ETF a little longer.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Mega-Cap Growth ETF (MGK) Hits New 52-Week High
For investors seeking momentum, Vanguard Mega Cap Growth ETF (MGK - Free Report) is probably on the radar now. The fund just hit a 52-week high and is up about 41% from its 52-week low price of $174.51/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:
MGK in Focus
This ETF offers diversified exposure to the largest growth stocks in the U.S. market. It holds 114 securities in its basket with key holdings in information technology, consumer discretionary and industrials. It charges 7 basis points in annual fees (see: all the Large Cap Growth ETFs here).
Why the Move?
The growth space of the broader U.S. stock market has been an area to watch out for lately given the rally in the stock market. The S&P 500 and the tech-heavy Nasdaq Composite Index have been hitting record highs on renewed optimism over continued economic growth after Fed’s Pfizer’s (PFE - Free Report) full-vaccine approval. This coupled with strong earnings momentum has rekindled investors’ appetite for riskier assets. In particular, growth stocks tend to outperform in a trending market (i.e. a market characterized by a prolonged uptrend).
More Gains Ahead?
Currently, MGK has a Zacks ETF Rank #2 (Buy) with a Medium risk outlook, suggesting that the outperformance could continue in the months ahead. Further, many of the segments that make up this ETF have a strong Zacks Industry Rank, so there is definitely still some promise for those who want to ride on this surging ETF a little longer.