For investors seeking momentum, Reality Shares DIVS ETF (DIVY Quick QuoteDIVY - Free Report) is probably on radar now. The fund just hit a 52-week high and is up 6.3% from its 52-week low price of $25.25/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:

DIVY in Focus    

This fund offers investors a way to approach dividend investing actively, targeting long-term capital appreciation rather than income. It seeks to deliver long-term capital appreciation based on dividend growth, and not stock price, of large-cap companies. The fund charges 0.91% in expense ratio (see: all the Total Portfolio ETFs here).

Why the Move?

The dividend growth corner of the ETF space has been an area to watch lately, given increased volatility in the stock market. Though long-term fundamentals remained intact with growing economy, rising wages, increasing consumer confidence, robust corporate earnings and tax cut, fears of high inflation and the resultant increase in faster-than-expected rate hike continued to weigh on the stock market.  

More Gains Ahead?

It seems that DIVY might remain strong, given a weighted alpha of 2.50% and a lower 20-day volatility of 9.82%. As a result, there is definitely still some promise for investors who want to ride on this surging ETF a little further.

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 >>