Subscribe to Entrepreneur for $5
Subscribe

Vanguard Growth ETF (VUG) Hits a 52-Week High

The Vanguard Growth ETF (VUG) hits a new 52-week high. Are more gains in store?

By
This story originally appeared on Zacks

For investors looking for momentum, Vanguard Growth ETF VUG is probably a suitable pick. The fund just hit a 52-week high and is up 43.1% from its 52-week low price of $218.28/share.

- Zacks

Let’s take a look at the fund and its near-term outlook to gain an insight into where it might be headed:

VUG in Focus

The fund seeks to track the performance of the CRSP US Large Cap Growth Index. It has AUM of $86.74 billion and charges 4 basis points in annual fees.

Why the Move?

Wall Street has been loudly cheering the third-quarter earnings season that has begun on a positive note. Going on, there have been certain upbeat economic data releases that have raised investor optimism. The coronavirus vaccine rollout is gradually helping control the spread of the outbreak across the globe. Accordingly, the global demand and economic growth levels are on the path of recovery from the pandemic-led slump. Investors and vaccine makers like Moderna (MRNA) andJohnson & Johnson (JNJ) have reasons to cheer the latest update concerning the application of COVID-19 booster shots. Investors have rotated back into growth-oriented market areas in recent weeks on optimism surrounding the economic recovery. This is making funds like VUG an impressive investment option.

More Gains Ahead?

It seems like the fund will remain strong, with a positive weighted alpha of 36.98, which gives cues of a further rally.



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 >>



Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

 

Vanguard Growth ETF (VUG): ETF Research Reports

 

To read this article on Zacks.com click here.

 

Zacks Investment Research