For investors seeking momentum, VanEck Retail ETF RTH is probably on the radar now. The fund just hit a 52-week high and is up 28.2% from its 52-week low price of $206.24 per share.
But are there more gains in store for this ETF? Let’s take a quick look at the fund and its near-term outlook to get a better sense of where it might head.
RTH in Focus
It offers exposure to companies involved in retail distribution, wholesalers, on-line, direct mail and TV retailers, multi-line retailers, specialty retailers and food and other staples retailers. The fund charges 35 basis points (bps) in annual fees (See: all Consumer Discretionary ETFs here).
What Led to the Rise?
Strong performance from top holdings such as Amazon, Walmart and Costco — supported by robust consumer spending data showing rising retail sales and expanding digital marketing — may have driven the RTH fund to touch a 52-week high.
More Gains Ahead?
RTH may continue its strong performance in the near term, with a positive weighted alpha of 16.75 (as per Barchart.com), which suggests a further rally.
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
VanEck Retail ETF (RTH): ETF Research ReportsThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
