Consumer Staples ETF (VDC) Hits New 52-Week High

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.VDC in FocusThe 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).Why the Move?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.More Gains Ahead?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.Boost Your Portfolio with Our Top ETF InsightsZacks' exclusive Fund Newsletter delivers actionable information, top news and analysis, as well as top-performing ETFs, straight to your inbox every week.Don’t miss out on this valuable resource. It’s free!Get it now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Vanguard Consumer Staples ETF (VDC): ETF Research ReportsThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks