ETF Outflow Alert: IWB, AXP, C, and QCOM Under the Spotlight

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The iShares Russell 1000 ETF (IWB) experienced a significant outflow of approximately $430.9 million, marking a 0.9% decrease in shares outstanding from 122,550,000 to 121,400,000 this week. This notable change occurred in the context of trading activities involving major underlying components: American Express Co. (AXP) up by 1.3%, Citigroup Inc. (C) up by 1.2%, and Qualcomm Inc. (QCOM) down by 0.1%.

Over the past year, IWB has ranged from a low of $264.17 to a high of $377.77, with the last trade recorded at $374.07, illustrating a robust performance against its 200-day moving average. The ETF trade dynamics indicate that large inflows or outflows can significantly affect the underlying assets.

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