For investors seeking momentum, Davis Select U.S. Equity ETF DUSA is probably on radar now. The fund just hit a 52-week high, and is up 14% from its 52-week low price of $22.01/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:

DUSA in Focus

This fund is an actively managed portfolio of large-cap businesses, selected using the time-tested Davis Investment Discipline. Its objective is long-term capital growth and capital preservation. The ETF has key holdings in financial sector accounting for 41.9% while industrials, consumer discretionary and communication services round off the next three spots. The product charges 65 bps in annual fees from investors (see: all the Large Cap ETFs here).

Why the Move?

The large-cap space has been an area to watch lately given that the stock market has caught in a vicious circle worries. Rising U.S. Treasury yields, steep sell-off in Chinese equities and Italian political turbulence has led to volatility in the stock market while booming earnings and stronger corporate earnings is expected to continue to keep the positive momentum alive in the stock market.

More Gains Ahead?

It seems that DUSA might remain strong given a high weighted alpha of 12% and a low 20-day volatility of 7.61%. As a result, there is definitely still some promise for investors who want to ride on this surging ETF a little further.

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DAVIS-SEL US EQ (DUSA): ETF Research Reports
 
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