In February, Facebook Overtook GE As The Second-Most Widely Held Stock At TD Ameritrade

TD Ameritrade’s latest Investor Movement Index is out and suggests investors were bullish in May.

How it works: when the IMX score surges, it means investors' recent past activity has tended to a bullish stance; when the score declines, investors' recent past activity has by and large tended towards bearishness.

Related Link: TD Ameritrade's IMX Growth Hits Record High In May: Check Out Clients' Picks & Pans

TD Ameritrade’s Managing Director of Trading, Nicole Sherrod, shared a look into what the firm’s clients did over May. Facebook Inc FB remained the second most-widely held stock among TD Ameritrade clients, keeping a spot it earned in February, when it displaced General Electric Company GE. Sherrod tweeted that the firm's clients currently hold more than $4 billion in the social media giant's stock.

In the latest IMX report, Sherrod added, “Facebook Inc. (FB), which has traded to new highs this year but was largely range bound during the month, was a net buy [in May]."

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.