New York (HedgeC0.Net) – With the stock markets touching a new high, brokerage companies are all set to benefit from increased interest in equity trading.
However, the sector is still struggling to get past the previous meltdown and its profitability is still under pressure. The point is amply demonstrated by the results announced by leading broking firm TD Ameritrade Holding Corporation which reported lower profits on a YoY basis.
TD Ameritrade also saw good hedge fund interest as SAC Capital Advisors added to its position in the company during the previous quarter. The hedge fund currently holds 3.7 million shares of the investment brokerage company.
Alex Akesson
For HedgeCo.net
alex@hedgeco.net
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