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For investors seeking momentum, Invesco QQQ Trust (QQQ - Free Report) is probably on the radar. The fund just hit a 52-week high and has moved up 38% from its 52-week low price of $402.39 per share. 

But are there 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: 

QQQ in Focus
 

Invesco QQQ Trust provides exposure to the largest domestic and international non-financial companies listed on the Nasdaq by tracking the Nasdaq 100 Index. It has key holdings in information technology and consumer discretionary. QQQ charges 20 bps in annual fees.
 

Why the Move?
 

The growth corner of the broad investing world has been an area to watch lately, as Wall Street has been showing huge resilience with the return of tariff threats. The Nasdaq Composite Index once again made a new record close, driven by the AI boom and confidence in corporate earnings. Growth funds typically outperform during a market uptrend.

More Gains Ahead?
 

QQQ has a Zacks ETF Rank #1 (Strong Buy) with a Medium risk outlook, suggesting that the outperformance could continue in the months ahead. Many sectors 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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