See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Invesco S&P SmallCap 600 Pure Growth ETF (RZG) - free report >>
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.
Invesco S&P SmallCap 600 Pure Growth ETF (RZG) - free report >>
Image: Bigstock
Small-Cap Growth (RZG) Hits New 52-Week High
For investors seeking momentum, Guggenheim S&P SmallCap 600 Pure Growth ETF (RZG - Free Report) is probably on radar now. The fund just hit a 52-week high, which is up roughly 36.2% from its 52-week low price of $67.44/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:
RZG in Focus
The fund contains only those S&P SmallCap 600 companies with strong growth characteristics as selected by Standard & Poor’s. RZG charges investors 35 basis points a year in fees. It exchanges less than 10,000 shares a day. The fund holds 144 securities and has top holdings in Supernus Pharmaceuticals, Ligand Pharmaceuticals, Inc. and Fabrinet (see all small-cap ETFs here).
Why the Move?
The U.S. stock market has shown some strength in past week with U.S. president-elect Donald Trump planning expansive government spending, lesser financial regulation and increased tax cuts to boost economic growth. While the S&P 500 is on a tear now, small caps are leading the rally. The regained momentum in the U.S. economy spread a strong air of optimism in the small cap space.
More Gains Ahead?
Currently, RZG has a Zacks ETF Rank #3 (Hold) with a High risk outlook. So it is hard to get a handle on its future returns one way or another. However, the fund has a positive weighted alpha of 14.10. A positive weighted alpha hints at more gains.
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 >>