For investors seeking momentum, Avantis Real Estate ETF (AVRE Quick QuoteAVRE - Free Report) is probably on the radar now. The fund just hit a 52-week high and jumped 12.7% from its 52-week low price of $42.98 per share.

But are there more gains in store for this ETF? Let’s take a quick look at the fund and its near-term outlook to get a better sense of where it might head.   

AVRE in Focus

This fund provides exposure to real estate securities focused on income derived from real estate investments and structured in a similar way to real estate investment trusts (REITs). The product charges 17 basis points (bps) in annual fees (See: All Real Estate ETFs here).

What Led to the Rise?

The AVRE fund’s recent 52-week peak was most likely driven by a powerful rally in its top holdings. Heavyweights like Welltower and Prologis have surged lately due to robust demand for senior housing and logistics space. This momentum is further supported by the fund's active management strategy, which allows managers to tilt toward sub-sectors exhibiting strength, and its relatively low expense ratio for a real estate fund.

More Gains Ahead?

AVRE may continue its strong performance in the near term, with a positive weighted alpha of 11.91 (as per Barchart.com), which suggests a further rally.