For investors seeking momentum, iShares Core S&P Total U.S. Stock Market ETF (ITOT Quick QuoteITOT - Free Report) is probably on radar now. The fund just hit a 52-week high and is up about 18.8% from its 52-week low price of $55.47/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:

ITOT in Focus

This fund provides broad exposure to the U.S. stock market. The ETF has key holdings in information technology, financials, healthcare, consumer discretionary and industrials. It is a low cost choice in the space, charging 3 basis points (bps) in annual fees (see: all the Total US Market ETFs here).

Why the Move?

The broad U.S. stock market has been an area to watch lately, given that the S&P 500 Index is on track for the longest bull run in history. The latest rally came on the back of surging corporate profits, booming economic growth and hopes that the United States and China could resolve their trade dispute. The wave of mergers and acquisitions also added to the strength. Additionally, the global economy continues to expand at a steady pace despite turmoil in some emerging markets like Turkey and Venezuela.

More Gains Ahead?

Currently, ITOT has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook. Therefore, it is hard to get a handle on its future returns one way or the other. However, many of the segments that make up this ETF have a strong Zacks Industry Rank. So, there is definitely some promise for those who want to ride this surging ETF a little further.

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