For investors seeking momentum, Vanguard Long-Term Corporate Bond ETF (VCLT) is probably on radar now. The fund just hit a 52-week high, which is up roughly 10.5% from its 52-week low price of $82.90/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: VCLT in Focus VCLT focuses U.S. dollar-denominated, investment-grade, corporate bonds with maturities greater than 10 years. VCLT charges investors 10 basis points a year in fees and puts 68.9% of its basket in the industrial sector followed by 18% in the financial sector and 12.7% in the utilities sector (see Investment Grade Corporate Bond ETFs here). Why the Move? As yields on U.S. government bond ETFs have been subdued in recent times on a delayed Fed rate hike and global growth worries, investors’ craving for higher yield has been on the rise. However, since corporate bonds are riskier in nature, honing in on investment-grade ones would be better. Probably, this is why VCLT scored higher lately. More Gains Ahead? Currently, VCLT has a Zacks ETF Rank #3 (Hold) so it is hard to get a handle on its future returns one way or another. However, VCLT has a positive weighted alpha of 5.70. A positive weighted alpha hints at more gains. 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 VANGD-LT CRP BD (VCLT): 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