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TD Ameritrade's Investment Movement Index Rises In December

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TD Ameritrade's Investment Movement Index Rises In December
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TD Ameritrade (NYSE: AMTD) released its monthly Investment Movement Index on Monday which tracks the buying and selling habits of the firm's more than six million funded accounts.

The index inched slightly higher in December to 5.12, up from 5.11 in November.

TD Ameritrade customers bought shares of Apple Inc. (NASDAQ: AAPL), which was the most widely held stock by the firm's clients. Investors also bought shares of GoPro Inc (NASDAQ: GPRO), Twitter Inc (NYSE: TWTR), Kinder Morgan Inc (NYSE: KMI), Southwest Airlines Co (NYSE: LUV) and Transocean LTD (NYSE: RIG).

Investors were also acquiring dividend-yielding AT&T Inc. (NYSE: T) and Verizon Communications Inc. (NYSE: VZ) after shares traded at or near yearly lows.

Investors took profits from financial firms including Bank of America Corp (NYSE: BAC) and Citigroup (NYSE: C) Technology names like Facebook Inc (NASDAQ: FB), Yahoo! Inc. (NASDAQ: YHOO) and Cisco Systems, Inc. (NASDAQ: CSCO) were net sellers during December.

Posted-In: Investment Movement Index TD AmeritradeLong Ideas News Trading Ideas Best of Benzinga

 

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