For investors seeking momentum, Invesco S&P 500 Low Volatility ETF SPLV is probably on radar now. The fund just hit a 52-week high, which is up roughly 15.8% from its 52-week low price of $44.16/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:

SPLV in Focus

The fund looks to the price and yield performance of about 100 stocks from the S&P 500 Index with the lowest realized volatility over the past 12 months. The fund has Exelon, WEC Energy Group and Republic Services as its top three holdings. It charges 25 bps in fees (see all Style Box - Large Cap Blend here).

Why the Move?

Global growth worries are rife. A solution to the ongoing U.S.-China trade crisis is not in sight right now, but efforts of a truce are on. Brexit issues are one of the biggest overhangs for the stock market. All these factors probably have been driving this low volatility ETF.

More Gains Ahead?

The fund has a Zacks Rank #3 (Hold). Also, the fund has a positive weighted alpha of 9.50, which hints at more gains. So, there is definitely still some promise for those who want to ride on this surging ETF a little longer.

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Invesco S&P 500 Low Volatility ETF (SPLV): ETF Research Reports
 
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