The growth style, though, may be gaining momentum as investors turned to upbeat economic and earnings data, causing many to adopt a more risk-on attitude.

“IVW has now gained 22.66% from its 52-week low, which was hit back on February 8, 2016. The fund has now returned 0.89% over the past month, 3.93% over the past three months, and 3.47% in the past six months. Those returns compare to the benchmark S&P 500 index’s 0.08%, 6.51%, and 5.44% returns in the same periods, respectively. While growth stocks (mostly tech names) trailed the wider markets in the second half of last year, they’re coming back with a vengeance now,” according to ETF Daily News.

More than half of IVW’s combined weight is allocated to technology and consumer discretionary stocks. The ETF’s top 10 holdings include hallmarks of many growth ETFs, such as Apple Inc. (NASDAQ: AAPL), Amazon.com Inc. (NASDAQ: AMZN) and Google parent Alphabet Inc. (NASDAQ: GOOG).

“IVW currently sits above its 10-day, 20-day, 50-day, 100-day, and 200-day moving averages (MAs), which from a technical standpoint suggests a very strong possibility that the recent gains can continue. That’s because the shares have no short-term overhead resistance to bump up against,” adds ETF Daily News.