TD Ameritrade's IMX Sentiment For April Shows Clients Were Net Sellers Of Some Popular Names

TDAmeritrade's proprietary index, the Investor Movement Index (or the IMX) is a behavior-based index designed to indicate the sentiment of retail investors. The index

as retail clients were overall net buyers of stocks. Overall exposure to the equity market among the firm's retail investors increased slightly and was aided by a decline in overall market volatility. Dividend-paying stocks were popular among retail investors, including

and

as both investments offer a yield above 4 percent. Additional names that retail investors bought include

,

and

. On the other hand, TDAmeritrade's retail clients were net sellers of some popular names. Specifically, investors sold shares of

prior to announced its earnings in late April. Other popular names that saw heavy selling activity include

,

and

.