For investors seeking momentum, Invesco S&P 500 Low Volatility ETF SPLV is probably on radar. The fund just hit a 52-week high and is up 24% from its 52-week low price of $48.86 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:SPLV in FocusThis ETF provides exposure to stocks with the lowest realized volatility over the past 12 months. It has a well-diversified portfolio with key holdings in utilities, real estate and financials. The fund charges 25 bps in annual fees (read: all the Large Cap Blend ETFs here).Why the Move?The low-volatility corner of the broader market has been an area to watch lately given heightened market volatility due to the outbreak of coronavirus. This is because these products have the potential to outpace the broader market in bearish conditions or in an uncertain environment, providing significant protection to the portfolio. The low-volatility funds include more stable stocks that have experienced the least price movement in their portfolio. Further, these are allocated primarily to defensive sectors that usually have a higher distribution yield than the broader markets.More Gains Ahead?Currently, SPLV has a Zacks ETF Rank #2 (Buy) 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 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 Invesco S&P 500 Low Volatility ETF (SPLV): ETF Research Reports To read this article on Zacks.com click here.