Net-Sold Stocks In Record-Setting March

After a another month of record highs for the Dow Jones Industrial Average, which surpassed the $21,000 mark, and the S&P 500, which topped $2,400, TD Ameritrade Holding Corp. (NASDAQ: AMTD) released its March report for the Investor Movement Index. Tracking retail investor movement in and out of equities, the IMX, like the markets at large, hit a new high of 6.22 and showed retail investors were net buyers of equity over the month.

However, as valuation moved higher on major stocks, there were several companies that reached year-long highs and triggered a rash of profit taking that made them net sold over March.

Net-Sold Stocks

Among the high-value stocks singled out in the report was Walt Disney Co (NYSE: DIS), which finished the month above $113 and dominated box office sales with their live-action version of "Beauty and the Beast," earning more than $900 million in ticket sales since its mid-March release.

Other record-setting stocks that was net sold among TDA investors were Arconic Inc (NYSE: ARNC), which saw a 52-week high of $30.69 late in February but has since corrected below $27, and Alibaba Group Holding Ltd (NYSE: BABA), which peaked above $110 in March and has continued to Trend upward since.

The IMX report also highlighted a sell-off among their clients in companies that experienced some friction during the month. Caterpillar Inc. (NYSE: CAT) was net sold as federal investigators continued their probe into the construction equipment company's export filings. Starbucks Corporation (NASDAQ: SBUX) was net sold as former CEO Howard Schultz prepared for his departure from the company in April.

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