For investors seeking momentum, ProShares S&P 500 Dividend Aristocrats ETF NOBL is probably on radar now. The fund just hit a 52-week high, and is up 21.1% from its 52-week low price of $56.79 per 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:NOBL in FocusThis product focuses exclusively on companies in the S&P 500 that have hiked dividends for at least 25 consecutive years. It has key holdings in consumer staples, industrials and financials that account for double-digit exposure each. It charges investors 35 basis points a year in fees (see: all the Large Cap Value ETFs here).Why the Move?The dividend corner of the broad investing world has been an area to watch lately given the market volatility and the Fed’s signal on rate cuts. 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 provides 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, NOBL has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook. Therefore, it is hard to get a handle on its future returns one way or the other. However, many of the segments 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.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 ProShares S&P 500 Dividend Aristocrats ETF (NOBL): ETF Research Reports To read this article on Zacks.com click here.