American Investors Were Selling Apple, Buying Ford and Facebook in April

Individual investors were yield-hungry in April, climbing back into dividend-paying stocks like AT&T (T) - Get Report and Ford (F) - Get Report , said J.J. Kinahan, chief strategist at TD Ameritrade (AMTD) - Get Report . TD Ameritrade's Investor Movement Index (IMX) rose 1.8 percent in April to 4.41 from 4.33 in March compared to a 1.5 percent rise in the S&P 500. The 52-week high for the IMX is 5.39. Dividend paying stocks appeared to be popular in April as AT&T, Ford and Wells Fargo & Co. (WFC) - Get Report were each net buys, according to TD Ameritrade. AT&T and Ford's dividend yields are both above four percent, and Wells Fargo's yield is around three percent. Although widely held by TD Ameritrade clients, Apple (AAPL) - Get Report was net sold prior to announcing earnings late in the month. Many investors took the proceeds from their Apple sales and reallocated those dollars into Facebook (FB) - Get Report , according to Kinahan.