For investors seeking momentum, PowerShares Dividend Achievers Portfolio (PFM) is probably on radar now. The fund just hit a 52-week high, and is up about 232% from its 52-week low price of $6.58/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: PFM in Focus This product provides exposure to companies that have increased their annual dividend for 10 or more consecutive fiscal years. Consumer staples is the top sector, accounting for one-fourth of the portfolio, while industrials, information technology and energy round off the next three spots. The fund charges 0.55% in expense ratio (see: all the Large Cap ETFs here). Why the Move? The dividend corner of the broad investing world has been an area to watch lately given the high levels of market volatility and the Fed’s downbeat view on interest rate hike. The longer-than-expected low-rate environment will continue to lure investors to dividend stocks. This is especially true as the companies that pay dividends generally act as a hedge against economic uncertainty and provide downside protection by offering outsized payouts or sizable yields on a regular basis. Further, dividend-paying securities are the major sources of consistent income for investors when returns from the equity market are at risk. More Gains Ahead? Currently, PFM 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 PWRSH-DIV ACH (PFM): 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