For investors seeking momentum, Vanguard Value Index Fund ETF Shares (VTV Quick QuoteVTV – Free Report) is probably on the radar. The fund just hit a 52-week high and is up 27.42% from its 52-week low price of $174.35/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 of where it might be headed:
VTV in Focus
The CRSP U.S. Large Cap Value Index measures the investment return of large-capitalization value stocks. The product charges 3 bps in annual fees (see: all the Large Cap Value here).
Why the Move?
The value sector of the market has been an area to watch lately, as investors rotate out of tech stocks and toward more defensive sectors. Additionally, recent inflation data suggesting that the Fed may keep interest rates…
