Investors looking for momentum can keep Vanguard Information Technology ETF VGT on their radar now. The fund recently hit a new 52-week high. Shares of VGT are up approximately 31.1% from its 52-week low of $113.22 per share.But could there be more gains ahead for this ETF? Let’s take a look at the fund and the near-term outlook to get a better idea of where it might be headed.VGT in FocusVGT focuses on providing exposure to technology equities in the U.S. It charges 10 basis points in fees per year. It has top holdings in Apple Inc AAPL, Alphabet Inc GOOGL and Microsoft Corp MSFT with 14.0%, 10.3% and 9.4% allocation, respectively (as of June 30, 2017) (see all Technology ETFs here).The fund has AUM of $14 billion and trades in average volumes of 484,000 shares.Why the Move?The move can primarily be attributed to the tech sector’s earnings expectations. The tech-heavy Nasdaq reached a record high and was up more than 0.36% at market close on July 24, 2017, ahead of a week of tech earnings. Alphabet Inc released better-than-expected second-quarter results on July 24, 2017. Moreover, Facebook FB and Amazon AMZN are also scheduled to come up with their quarterly results later this week. Therefore, investors are confident and are looking at this sector as a potential investment.More Gains Ahead?Currently, VGT has a low 14-day volatility of 8.75% and an impressive weighted alpha of 30.4. So, there is still some promise for those who want to ride this surging ETF a little further.Want key ETF info delivered straight to your inbox?Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >> 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 Amazon.com, Inc. (AMZN): Free Stock Analysis Report Facebook, Inc. (FB): Free Stock Analysis Report Alphabet Inc. (GOOGL): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report Microsoft Corporation (MSFT): Free Stock Analysis Report VIPERS-INFO TEC (VGT): 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