Online brokerage TD Ameritrade says its investors continue to be heavily invested in equities.
TD Ameritrade said Monday that its Investor Movement Index slipped a bit to 5.67 in June from May's 5.69.
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The six-point index is based on what TD Ameritrade Holding Corp.'s 6 million clients were buying and selling. Inactive accounts are excluded.
TD Ameritrade's Nicole Sherrod says investors did sell some stocks that had soared, but generally they used the money to buy other stocks or funds, especially if they pay dividends.
Apple was a popular purchase after its stock split, and TD Ameritrade clients were net buyers of AT&T, Verizon, Delta Airlines and Lululemon.
Investors who use the Omaha-based brokerage were net sellers of Cisco Systems, Microsoft, Facebook, Citigroup, Bank of America, Netflix and Tesla.