Investors seeking momentum may have iShares U.S. Industrials ETF IYJ on radar now. The fund recently hit a new 52-week high. Shares of IYJ are up approximately 29.9% from the 52-week low of $109.83/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.IYJ in FocusIYJ offers exposure to the Industrial sector of the United States. It charges 44 basis points in fee per year and has top holdings in General Electric GE, Boeing BA and 3M MMM with 5.9%, 4.5% and 4.0% allocation, respectively (as of Oct 23, 2017) (see all Industrial ETFs here).Why the Move?The industrial sector has been gaining a lot of traction lately. Shares have been touching record highs as companies have reported strong financial results. Although a few other players in the sector reported poor results, shares of 3M and Caterpillar led the gains, as both companies reported better-than-expected results. The Dow Jones Industrial Average surged 167 points owing to earnings beat and optimism in the markets surrounding developments in President Donald Trump’s tax reform.More Gains Ahead?Currently, IYJ has a Zacks ETF Rank #3 (Hold) with a Medium Risk outlook, so it is hard to get a handle on its returns. However, the ETF has a weighted alpha of 26.9. So, there is a promising outlook ahead for those who want to ride this surging ETF a shade 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 Boeing Company (The) (BA): Free Stock Analysis Report 3M Company (MMM): Free Stock Analysis Report General Electric Company (GE): Free Stock Analysis Report ISHARS-US INDU (IYJ): 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