Growth ETF (VUG) Hits New 52-Week High

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For investors seeking momentum,  Vanguard Growth ETF VUG is probably on radar now. The fund just hit a 52-week high, which is up roughly 23.6% from its 52-week low price of $127.70/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:

VUG in Focus    

The fund offers exposure to a basket of large-cap companies. The fund charges investors 5 basis points a year in fees and has top holdings Apple, Amazon and Alphabet (see  all large-cap ETFs here).

Why the Move?

An upbeat U.S. economy, solid earnings clip and reconciliation between the United States and European Union on the trade front gave the fund a boost in the recent session.

More Gains Ahead?

The fund has a Zacks Rank #2 (Buy) and  a positive weighted alpha of 21.60 . So, there is definitely still some promise for those who want to ride on this surging ETF a little longer.

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VIPERS-GROWTH (VUG): ETF Research Reports

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , ETFs
Referenced Symbols: VUG

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