OMAHA, Neb. (AP) — TD Ameritrade clients continue to invest in stocks, but they are picking safer options amid the recent market volatility.
The online brokerage says its Investor Movement Index fell to 4.76 this month from September's 5.24 reading. The six-point index is based on what investors are buying and selling.
TD Ameritrade's Nicole Sherrod says investors continued trading more volatile stocks for more stable ones during the past month as the market continued its ups and downs.
TD Ameritrade clients continued to be net buyers of equities during the month. Some popular buys included Apple, Exxon-Mobil, Chevron and Verizon Wireless.
Some of the most commonly sold stocks were JC Penney and Motorola, which both hit 52-week highs in September. Alcatel-Lucent and Yahoo were also popular sells.
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