For investors looking for momentum, Schwab Fundamental U.S. Large Company Index ETF FNDX is probably a suitable pick. The fund just hit a 52-week high and is up 56.9% from its 52-week low price of \/SHARE"}==!>.Let’s take a look at the fund and its near-term outlook to gain an insight into where it might be headed:FNDX in FocusThe fund's goal is to track as closely as possible, before fees and expenses, the total return of the Russell RAFI US Large Company Index. It has AUM of $7.15 billion and charges 25 basis points in annual fees.Why the Move?The U.S. economy is appearing to be on the path of recovery from the pandemic-led slowdown. Markedly, accelerated vaccine distribution, strong fiscal stimulus support and the reopening of non-essential businesses are expected to fasten the economic recovery pace. Notably, the central bank has raised its economic growth outlook considering the vaccine and stimulus optimism and it also expects higher inflation this year. Furthermore, certain economic data releases are pointing toward economic recovery. This is making funds like FNDX an attractive investment option.More Gains Ahead?It seems like the fund will remain strong, with a positive weighted alpha of 46.41, which gives cues of further rally.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 SCHWAB-F US LCI (FNDX): 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