Consumer Staples ETF Vanguard VDC is probably on the radar for investors seeking momentum. The fund just hit a 52-week high and has moved up 11.71% from its 52-week low price of $202.96/share.

Are more gains in store for this ETF? Let us take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed.

The underlying MSCI US Investable Market Consumer Staples 25/50 Index measures the investment return of stocks in the consumer staples sector. The product charges 9 bps in annual fees (see: all Consumer Staples ETFs).

The consumer staples sector of the market has been an area to watch lately, given the rising volatility. An uncertain U.S. trade policy, coupled with a downturn in tech stocks, is pushing investors to shift their focus toward defensive funds. Consumer Staples funds act as a safe haven amid political and economic turmoil.

Currently, VDC has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook. It might continue its strong performance in the near term, with a positive weighted alpha of 5.17 (per Barchart.com), which gives cues of a further rally.

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Vanguard Consumer Staples ETF (VDC): ETF Research Reports

This article originally published on Zacks Investment Research (zacks.com).

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