For investors seeking momentum, Vanguard REIT Index ETF (VNQ) is probably on radar now. The fund just hit a 52-week high, and is up over 19% from its 52-week low price of $70.89 per 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: VNQ in Focus This product offers exposure to the real estate investment trusts (REITs) that purchase office buildings, hotels, and other real property. It has a multi-cap focus with about one-fourth exposure in retail REITs. It charges investors 12 basis points a year in fees and has top holdings in Simon Property Group and Public Storage (see: all the Real Estate ETFs here). Why the Move? The real estate corner of the broad investing world has been an area to watch lately given the resurfacing of global slowdown concerns following downbeat Chinese manufacturing data and lowered growth expectation in Europe. Additionally, continued dovish comments from the Fed and the negative interest rate policy in countries like Europe and Japan have pushed the Treasury yields lower, raising the appeal for the high-yielding securities like REITs. Further, the upcoming split of real estate securities from the financial service sector into a separate sector under the Global Industry Classification Standard on August 31 has turned investors’ attention to it along with new capital inflows. More Gains Ahead? Currently, VNQ has a Zacks ETF Rank of 2 or ‘Buy’ rating with a Medium risk outlook, suggesting continued outperformance 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 further. 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 >>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 VIPERS-REIT (VNQ): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research 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