TD Ameritrade investors switch to safer stocks

|
News,Business

OMAHA, Neb. (AP) — TD Ameritrade says its investors shifted more of their money into safer options in April, but they remained active in the stock market.

TD Ameritrade said Monday that its Investor Movement Index decreased for the first time in seven months to 5.67 in April from March's 5.87.

The six-point index is based on what TD Ameritrade Holding Corp.'s 6 million clients were buying and selling. Inactive accounts are excluded.

TD Ameritrade's Nicole Sherrod says the company's investors were still net buyers of stocks in April, but they were moving into less volatile options.

Technology stocks that declined in April were again popular with TD Ameritrade investors, particularly Facebook, Google and Yahoo.

TD Ameritrade clients were net sellers of Apple after that stock surged after its earnings report.

___

Online:

www.tdameritrade.com/IMX

View article comments Leave a comment