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AAPL
Apple
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#1
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MU
Micron Technology
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#2
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NVDA
NVIDIA
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#3
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MSFT
Microsoft
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#4
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AMZN
Amazon.com
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#5
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AVGO
Broadcom
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#6
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PLTR
Palantir Technologies
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#7
View the Zacks #1 Rank List
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Small-Cap Value ETF (VIOV) Hits New 52-Week High
Investors seeking momentum may have S&P Smallcap 600 Value Vanguard ETF (VIOV - Free Report) on radar now. The fund recently hit a new 52-week high. Shares of VIOV are up approximately 29.7% from their 52-week low of $142.14/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.
VIOV In Focus
The S&P SmallCap 600 Value Index represents the value companies of the S&P SmallCap 600 Index. The fund charges 15 bps in fees.
Why The Move?
Things are taking a turn for the better for the pint-sized stocks. Upbeat earnings and cheaper valuation augur well for the pint-sized stocks. Since the small-caps are more domestically-focused and do not have much foreign exposure, these are faring better on releases of decent U.S. economic indicators.
More Gains Ahead?
The fund has a positive weighted alpha of 14.26. So, there is a decent outlook ahead for those who want to ride this surging ETF a shade further.