For investors seeking momentum, Municipal Infrastructure Revenue Bond ETF (RVNU Quick QuoteRVNU - Free Report) is probably on radar now. The fund just hit a 52-week high and is up over 8.6% from its 52-week low price of $25.07/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:

RVNU in Focus

This product offers returns of the segment of the U.S. long term tax-exempt bond market, consisting of infrastructure revenue bonds. It charges 30 bps in fees (see all Municipal Bond ETFs here).

Why the Move?

Though muni bonds, the tax-exempt corner of the fixed-income market, fall out of investors’ favor amid rising prospects of tax reform, the fund gained lately on the news that Trump is expected to release an infrastructure plan in January. The administration long promised around $1 trillion worth of investments in the infrastructure sector.

More Gains Ahead?

The fund has a positive weighted alpha of 6.30. A positive weighted alpha hints at more gains. As a result, there is definitely some promise for investors who want to ride on this surging ETF.

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