For investors seeking momentum, iShares Edge MSCI Min Vol USA ETF (USMV Quick QuoteUSMV - Free Report) is probably on radar now. The fund just hit a 52-week high and is up over 16% from its 52-week low price of $41.22/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:

USMV in Focus    

This product offers exposure to the large-cap companies in The U.S. Health Car, Information Technology, Consumer Staples and Financials are the top four sectors of the fund with a double-digit weight each. The fund charges 15 bps in fees (see all large-cap ETFs here).

Why the Move?

U.S. markets are continuously hitting fresh highs this month, but haven’t been able to wipe out the allure of low volatility ETFs from investors’ minds. After such astounding gains, thoughts of a correction in the market or overvaluation concerns are quite justifiable.

Moreover, the Fed rate hike could be faster than expected this year given the decent economic growth. This in turn can slow up the upbeat market movement. As a result, investors have probably found it intriguing to seek resort to the low-volatility ETFs like USMV.

More Gains Ahead?

The fund has a Zacks ETF Rank #2 (Buy) with a medium risk outlook. Plus, the fund has a positive weighted alpha of 14.30. As a result, there is definitely still some promise for investors who want to ride on this surging ETF.

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