For investors seeking momentum, iShares Core S&P Small-Cap ETF (IJR - Free Report) is probably on radar now. The fund just hit a 52-week high and is up nearly 35.6% from its 52-week low price of $66.77/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:
IJR in Focus
IJR provides diversified exposure to a broad basket of 601 small-cap stocks. It has key holdings in industrials, financials, information technology, consumer discretionary and healthcare. It charges 7 basis points in annual fees (see: all the Small Cap ETFs here).
Why the Move?
The small-cap space has been an area to watch lately given the continued surge in the space amid escalating trade and tariff threats. This is because small-cap stocks, which are closely tied to the U.S. economy and do not have much exposure to the international market, are well insulated from these headwinds. The pint-sized stocks are considered safe and better plays if any political issue creeps into the picture.
More Gains Ahead?
Currently, IJR has a Zacks ETF Rank #2 (Buy) with a Medium risk outlook, suggesting that the outperformance could continue in the months ahead. Further, many of the segments that make up this ETF have a strong Zacks Industry Rank, so there is definitely still some promise for those who want to ride on this surging ETF a little longer.
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