Investors seeking momentum may have USA Value Factor iShares Edge MSCI ETF (VLUE Quick QuoteVLUE - Free Report) on radar now. The fund recently hit a new 52-week high. Shares of VLUE are up approximately 30.1% from their 52-week low of $85.43/share.

But could there be more gains ahead for this ETF? Let’s take a look at the fund and the near-term outlook to get a better idea of where it might be headed.

iShares MSCI USA Value Factor ETF (VLUE Quick QuoteVLUE - Free Report)

The underlying MSCI USA Enhanced Value Index is based on a traditional market capitalization-weighted parent index, the MSCI USA Index which includes U.S. large and mid-capitalization stocks. iShares MSCI USA Value Factor ETF charges 15 bps in fees.

Why The Move?

Interest rates have been rising in the United States on the Fed rate hike worries. Since value stocks perform better in a rising rate environment, VLUE gained momentum.

More Gains Ahead?

The Zacks Rank #2 (Buy) fund has a positive weighted alpha of 21.21. So, there is a decent outlook ahead for those who want to ride this surging ETF a shade further.