OMAHA, Neb. — TD Ameritrade clients continued buying stocks in August as volatility increased, and they remain heavily invested in equities.
The online brokerage said Tuesday its Investor Movement Index set another all-time high at 7.45 in August, up from July’s 7.09.
The index based on what investors are buying and selling in their TD Ameritrade accounts and how exposed they are to equities.
TD Amertrade’s JJ Kinahan says investors were generally buying stocks after they declined. If markets remain volatile more selling is likely.
Kinahan says investors are watching geopolitical events in North Korea closely but don’t seem bothered by political dysfunction in Washington D.C.
Some of the most popular buys in August were Amazon, Alphabet, General Electric and Costco.
The most commonly sold stocks included Wells Fargo, Twitter and Nike.