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TD Ameritrade
AMTD issued April data for the Investor Movement Index Monday afternoon. The survey, released monthly on either the first or second Monday of the month, is released at 12:30 PM Eastern.
The reading for April fell 0.06 from 5.37 in March to 5.31.
TD Ameritrade said, "Broad market volatility (measured by the S&P 500) increased in April and clients dialed back their equity market exposure as they rotated their holdings, selling securities at highs and buying into lows. Net buying activity favored the basic material and industrial sectors. Clients were net sellers of technology and service sectors, however technology remained the most widely held sector."
The firm highlighted net buying activity in "basic materials sector including Cliff Natural Resources
CLF, Alcoa Inc
AA and Vale S.A
VALE... industrials names such as Caterpillar
CAT and 3D Systems Corp
DDD," and also in BofA
BAC, ConocoPhilips
COP and EMC
EMC. Apple
shares are now "more widely owned by TD Ameritrade clients than ever before as additional clients established positions at lower price points."
TD Ameritrade clients reduced investments in Home Depot
HD, McDonald's
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, Starbucks
SBUX, Sirius XM
SIRI, Microsoft
MSFT, Citi
C, Ford
F and Bristol-Myers Squibb
BMY.
To see the full IMX statement, visit
https://imx.tdameritrade.com/IMX/index.jsp.
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