The iShares Russell 2000 Value ETF (IWN) Eclipses 200-Day Moving Average

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From ETF Channel: In trading on Wednesday, shares of the iShares Russell 2000 Value ETF (Symbol: IWN) crossed above their 200 day moving average of $124.60, changing hands as high as $124.73 per share. iShares Russell 2000 Value shares are currently trading up about 0.5% on the day. The chart below shows the one year performance of IWN shares, versus its 200 day moving average:

Looking at the chart above, IWN’s low point in its 52 week range is $101.57 per share, with $137.85 as the 52 week high point – that compares with a last trade of $124.59.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The iShares Russell 2000 Value ETF (IWN) was trading at $123.43 per share on Thursday afternoon, down $0.89 (-0.72%). Year-to-date, IWN has declined -1.52%, versus a 9.99% rise in the benchmark S&P 500 index during the same period.

IWN currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #2 of 18 ETFs in the Small Cap Value ETFs category.

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