For investors looking for momentum, SPDR Portfolio S&P 500 Growth ETF SPYG is probably a suitable pick. The fund just hit a 52-week high, up roughly 32.4% from its 52-week low of $30.31/share.But does it have more gains in store? Let’s take a look at the fund and its near-term outlook to gain an insight into where it might be headed:SPYG in FocusThe fund seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P 500 Growth Index. SPYG is charging 4 bps in fees. The fund has amassed $5.05 billion in AUM.Why the Move?Wall Street continues to soar high on Sino-US trade war talks, release of some encouraging U.S. economic data and a decent earnings season. In such a scenario, growth funds are gaining popularity among investors as these tend to outperform in a trending market (i.e. a market characterized by a prolonged uptrend).More Gains Ahead? Currently, SPYG has a Zacks Rank #1 (Strong Buy). Moreover, it seems SPYG might remain strong given a positive weighted alpha of 14.6.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 SPDR Portfolio S&P 500 Growth ETF (SPYG): 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