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TD Ameritrade says its investors were net buyers of equities as market declined in May


OMAHA, Nebraska — TD Ameritrade's clients took advantage of last month's declines in market prices to buy equities at cheaper prices.

The online brokerage said Monday that its Investor Movement Index rebounded to 4.91 in May after April's two-year low of 4.63.

The six-point index is based on what investors are buying and selling.

TD Ameritrade investors switched to being net buyers of equities in May a month after being net sellers because they saw opportunities.

TD Ameritrade's Nicole Sherrod says many stocks investors had favored in the past fell to attractive prices, including Twitter, LinkedIn, Starbucks, Apple and Disney.

Bank of America and Citigroup were both popular stocks to sell in May. So were Microsoft and General Electric.

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