For investors seeking momentum, iShares Core S&P Mid-Cap ETF (IJH - Free Report) is probably on radar now. The fund just hit a 52-week high and is up about 35.7% from its 52-week low price of $126.70/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:

IJH in Focus

IJH provides exposure to 400 mid cap stocks, which are highly diversified across components with none holding more than 0.61% share. The fund has key holdings in information technology, financials, industrials and consumer discretionary. It charges 7 basis points in annual fees.

Why the Move?

The mid cap space of the broad U.S. stock market has been an area to watch lately given that the U.S. bourses are hitting multiple highs amid bouts of volatility. Though Trump trade resumed with tax cut talks and a positive Trump-Abe meeting reignited fresh optimism, his protectionist policies could often result in trade war and political instability. In this scenario, mid cap funds offer the best of both worlds – growth and stability – when compared to small cap and large cap counterparts.