TD Ameritrade clients sold some stocks in July

Aug 6, 2013

OMAHA, Neb. (AP) — Online brokerage TD Ameritrade says many of its investors sold some stocks in July to take profits but they remained engaged in the market.

The Omaha-based company said Monday that its Investor Movement Index fell to 4.87 in July from June's 5.15.

The six-point index is based on what TD Ameritrade Holding Corporation's 6 million clients were buying and selling. Inactive accounts are excluded.

Ameritrade's Steve Quirk says investors were selling stocks that had performed well recently like Hewlett-Packard, Baidu and EMC Corporation.

But Quirk says many clients took the money from their sales and invested in other stocks.

Copyright 2013 The Associated Press