OMAHA, Nebraska — The more than six million investors who use online brokerage TD Ameritrade sought safer options as the market became more volatile in October, but they remain heavy on equities.
TD Ameritrade said Monday that its Investor Movement Index dropped to 5.22 in October from September's 5.79 and August's 5.68. The drop on the six-point scale suggests investors were concerned about volatility.
TD Ameritrade's Nicole Sherrod says investors were still net buyers overall, but they were moving into less-volatile options.
Dividend-paying oil producers, such as BP Plc, Transocean and SeaDrill were popular buys. AT&T and Ford were also popular.
Stocks that were popular sells for investors included: Citigroup, Coca-Cola, Sirius XM, Cisco, Corning, Oracle, Intel and Yahoo.