For investors seeking momentum, Capital Group U.S. Large Value ETF (CGVV Quick QuoteCGVV - Free Report) is probably on the radar. The fund just hit a 52-week high and is up 26.99% from its 52-week low price of $24.63/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 of where it might be headed:

CGVV in Focus

The fund employs an active strategy, investing in U.S. large-cap companies trading at low valuations and seeking capital appreciation. The product charges 33 bps in annual fees  (see: all the Large Cap Value ETFs here).

Why the Move?

The value sector of the market has been an area to watch lately, amid continuous economic and market uncertainty. Persistent volatility in the tech sector, driven by valuation and spending concerns, along with the ongoing and unpredictable conflict in the Middle East, is fueling market uncertainty and making increased exposure to value-focused funds attractive.

Historically, value stocks have demonstrated resilience during periods of market uncertainty and have often delivered strong long-term returns. They can also offer lower volatility and more attractive risk-adjusted performance compared with growth and blend stocks. 

More Gains Ahead?

CGVV might continue its strong performance in the near term, with a positive weighted alpha of 25.89 (as per Barchart.com), which gives cues of a further rally.