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TD Ameritrade says its investors sold off equities in February as they sought safety


OMAHA, Nebraska — Online brokerage TD Ameritrade says its six million investors became net sellers of equities last month as they sought out safer investment options.

TD Ameritrade said Monday that its Investor Movement Index declined to its lowest point in two years when it hit 4.7 in February. That's down from 4.85 in January.

TD Ameritrade's Nicole Sherrod says the fact that investors were net sellers of equities during the month could indicate a negative outlook on the market, but it could also be a byproduct of investors selling stocks after their prices soared.

TD Ameritrade investors were net sellers of Amazon, Netflix and Twitter during February.

Some of the stocks that were popular buys for TD Ameritrade investors were ExxonMobil, Chevron, GoPro and Alibaba Group.

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