For investors seeking momentum, iShares Core S&P U.S. Value ETF (IUSV - Free Report) is probably on radar. The fund just hit a 52-week high and is up 30.5% from its 52-week low of $45.08 per 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.
IUSV in Focus
This fund provides exposure to U.S. companies that are thought to be undervalued by the market relative to comparable companies. It has key holdings in financials and information technology. The ETF charges 4 basis points in fees (see: all the Large Cap Value ETFs here).
Why the Move?
The value corner of the broad investing world has been an area to watch lately given continued volatility and uncertainty. This is because value ETFs seek to capitalize on inefficiencies in the market and have the potential to deliver higher returns with lower volatility compared with growth and blend counterparts. Additionally, they are less susceptible to trending markets and their dividend payouts offer safety in times of market turbulence.
More Gains Ahead?
Currently, IUSV 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.
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 >>