TD Ameritrade investors remained active in April
TD Ameritrade says investors were active in April, but sold some stocks to take profits
OMAHA, Neb. (AP) -- TD Ameritrade says the market became more volatile in April, but it investors continued to be active.
The Omaha-based online brokerage said Monday its Investor Movement Index declined to 5.31 in April from March's 5.37, but it remained at a high level.
Ameritrade's Nicole Sherrod says some investors sold stocks like Microsoft McDonalds and Home Depot as they neared new highs, but investors mostly remained bullish.
Sherrod says many Ameritrade investors bought Apple shares when that stock fell to $385 a share. Apple rebounded and was trading for more than $460 Monday afternoon.
The index is based on what TD Ameritrade Holding Corp.'s 6 million clients were buying and selling. Inactive accounts are excluded.
___
Online:
TD Ameritrade investor index: www.tdameritrade.com/IMX
