For investors seeking momentum, Vanguard Mid-Cap Growth ETF (VOT Quick QuoteVOT - Free Report) is probably on radar now. The fund just hit a 52-week high and is up about 20.4% from its 52-week low price of $115.92/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:

VOT in Focus

VOT offers exposure to the mid-cap segment of the broad U.S. equity market, holding 174 well-diversified basket of stocks. It has key holdings in industrials, technology, financials and healthcare sectors with double-digit allocation. The fund charges 7 basis points in annual fees (see: all the Mid Cap ETFs here).

Why the Move?

The mid-cap space of the broad U.S. stock market has been an area to watch lately given heightened volatility and uncertainty. While high hopes of Q2 earnings growth, historic tax cuts and rounds of upbeat economic data are bolstering confidence in the stock market, escalating trade tensions are making investors’ jittery. In such a scenario, mid-cap funds offer the best of both worlds — growth and stability — when compared to small and large-cap counterparts.

More Gains Ahead?

Currently, VOT 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 some promise for those who want to ride this surging ETF a little further.

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