OMAHA, Nebraska — TD Ameritrade clients were net sellers of equities last month, but stocks continue to make up a significant portion of their portfolios.
The online brokerage says its Investor Movement Index crept up to 4.79 in October from last month's 4.76 reading. The six-point index is based on what investors are buying and selling.
TD Ameritrade's Nicole Sherrod says many investors found an opportunity to take profits on several stocks that performed well last month.
Some of the most commonly sold stocks were General Electric, Intel, Microsoft and McDonalds.
The stocks that were popular with TD Ameritrade clients included Kinder Morgan, Energy Transfer Partners, Amazon and Wal-Mart.