For investors seeking momentum, iShares Morningstar Mid-Cap Growth ETF is probably on radar now. The fund just hit a 52-week high and is up about 35.6% from its 52-week low price of $41.22/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:

JKH in Focus

This fund offers exposure to mid-sized U.S. companies whose earnings are expected to grow at an above-average rate relative to the market. It has key holdings in information technology, healthcare, industrials and consumer discretionary. The ETF charges 30 bps 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 global growth slowdown concerns, Brexit issues and geopolitical tensions. This is because mid-cap funds offer the best of both worlds – growth and stability – when compared to small-cap and large-cap counterparts.

More Gains Ahead?

Currently, JKH has a Zacks ETF Rank #1 (Strong 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.

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 >>