For investors seeking momentum, Vanguard Total World Stock ETF (VT Quick QuoteVT - Free Report) is probably on radar now. The fund just hit a 52-week high and is up nearly 23.7% from its 52-week low price of $54.75/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 on where it might be headed:

VT in Focus

This ETF offers exposure to both foreign and U.S. stocks holding a large basket of 7788 securities. It has key holdings in American firms accounting for nearly 56.2% share while Europe and Asia Pacific round off the top three with a double-digit exposure each. It charges 11 basis points in annual fees (see: all the World ETFs here).

Why the Move?

The global stock market has been an area to watch lately given a pickup in economic activity in many parts of the world, robust corporate earnings, and improving investors’ sentiment. In particular, the Fed’s cautious stance released in its minutes and the extension of the OPEC deal have been adding strength lately.

More Gains Ahead?

Currently, VT has a Zacks ETF Rank of 2 or ‘Buy’ rating with a Low risk outlook, suggesting that the outperformance could continue in the months ahead. Further, many of the segments that make up this ETF have a strong Zacks Industry Rank, so there is definitely still some promise for those who want to ride on this surging ETF a little longer.

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