- Big dividend payers in demand last month
- Top tech also popular, although not with everyone
- Resources firms among most sold shares
Income hunters were out in force during August with Vodafone (VOD), National Grid (NG.) and Legal & General (LGEN) the three most popular buys among investors on the AJ Bell platform last month.
These three stocks trade at an average 12-month forward 8.3% dividend yield, led by Vodafone’s 9.5%, although whether shareholders will get that remains to be seen. As experienced investors know, a way above average income yield is often a sign that the market doesn’t believe current forecast dividend payments are sustainable, implying the threat that cuts could be incoming.
Find out which companies in the FTSE 100 have the highest dividend yields
That’s speculation at present, but it’s something for investors to be wary of.
Top tech also remains fashionable, with Tesla (TSLA:NASDAQ) and AI chips play Nvidia (NVDA:NASDAQ) also in the top 10 most in demand stocks.
| Most bought and sold shares on AJ Bell platform in August |
| Top buys | Top sales |
| Vodafone | Rolls-Royce |
| National Grid | Tesla |
| Legal & General | BP |
| British American Tobacco | Amazon |
| Aviva | Lloyds Banking |
| Tesla | International Consolidated Airlines |
| Lloyds Banking | Shell |
| Glencore | Nvidia |
| Rolls-Royce | Apple |
| Nvidia | Glencore |
| Souce: AJ Bell |
It’s worth noting that both also feature among the most sold shares in August, demonstrating that some investors are happy to bank substantial profits earned this year.
Tesla shares fall as price war takes toll on once superior margins
Amazon (AMZN:NASDAQ) and Apple (AAPL:NASDAQ) were also popular sales in August, and having rallied 60% and 50% respectively year-to-date, it’s hard to argue with the logic.
Resources were also heavily sold last month, with oil majors BP (BP.) and Shell (SHEL) joined by mining giant Glencore (GLEN) among the top 10 most sold shares in August.
You can find out the top 50 shares sold and bought over the past day, week and month across the AJ Bell platform here.
DISCLAIMER: Financial services company AJ Bell referenced in this article owns Shares magazine. The author of this article (Steven Frazer) and the editor (James Crux) own shares in AJ Bell.
