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Large Cap Growth ETF (IVW) Hits New 52-Week High

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For investors seeking momentum, iShares S&P 500 Growth ETF (IVW - Free Report) is probably on radar. The fund just hit a 52-week high and is up roughly 37% from its 52-week low price of $140.75/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:

IVW in Focus

IVW provides exposure to growth stocks of the large-cap segment with key holdings in information technology, consumer discretionary and communications. The product charges 18 basis points in fees (see: all the Large Cap Growth ETFs here).

Why the Move?

The growth space of the U.S. stock market has been an area to watch lately, given that the major bourses hit new all-time highs. The latest rally can be attributed to the positive trade developments as well as the latest upbeat data, especially on the job and housing front. In particular, growth stocks are leading the rally as these tend to outperform in a trending market (i.e. a market characterized by a prolonged uptrend).

More Gains Ahead?

Currently, IVW has a Zacks ETF Rank #2 (Buy) with a Medium risk outlook, suggesting continued outperformance 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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