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For investors seeking momentum, SPDR S&P 500 ETF Trust SPY is probably on the radar. The fund just hit a 52-week high and is up 33% from its 52-week low of $409.21 per share.
But 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:
SPY in Focus
SPDR S&P 500 ETF Trust tracks the S&P 500 Index with diversified exposure across various sectors. Information technology, financials, healthcare a...
>>> Read more: Large-Cap ETF (SPY) Hits New 52-Week High
But 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:
SPY in Focus
SPDR S&P 500 ETF Trust tracks the S&P 500 Index with diversified exposure across various sectors. Information technology, financials, healthcare a...
>>> Read more: Large-Cap ETF (SPY) Hits New 52-Week High