In February, Facebook Overtook GE As The Second-Most Widely Held Stock At TD Ameritrade

TD Ameritrade’s latest Investor Movement Index is out and suggests investors were bullish in May.

How it works: when the IMX score surges, it means investors' recent past activity has tended to a bullish stance; when the score declines, investors' recent past activity has by and large tended towards bearishness.

Related Link: TD Ameritrade's IMX Growth Hits Record High In May: Check Out Clients' Picks & Pans

TD Ameritrade’s Managing Director of Trading, Nicole Sherrod, shared a look into what the firm’s clients did over May. Facebook Inc (NASDAQ: FB) remained the second most-widely held stock among TD Ameritrade clients, keeping a spot it earned in February, when it displaced General Electric Company (NYSE: GE). Sherrod tweeted that the firm's clients currently hold more than $4 billion in the social media giant's stock.

In February, $FB overtook $GE as the 2nd most widely held stock at TD Ameritrade.Our investors hold over $4B in $FB. pic.twitter.com/HWHRocppnL

— Nicole Sherrod (@TDANSherrod) June 7, 2016

In the latest IMX report, Sherrod added, “Facebook Inc. (FB), which has traded to new highs this year but was largely range bound during the month, was a net buy [in May]."

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.