Moderna, Pfizer Climb Apex Clearing's 'Millennial 100' Rankings as Investors Shift Focus to COVID-19 Recovery
Apex (News - Alert) Clearing, the custody and clearing engine powering the future of wealth management, released its Q4 2020 Apex Millennial 100 report, an analysis of the top 100 stocks owned by millennial investors using Apex partner applications as of December 31, 2020. The report analyzed more than 1.8 million investment accounts owned by U.S.-based investors with an average age of 32 years.
The perfect storm of zero commissions, COVID-19 and fractional trading made 2020 a record year for individual investors - with year-over-year trading volume up 119% on the Apex platform in 2020. As U.S. stocks rocketed to all-time highs in Q4, millennials continued to put money to work into the market. The Q4 Apex Next Investor Outlook looks back at individual investor's record-breaking year.
"Millennial investors caught the financial services industry's attention in 2020," said Bill Capuzzi, CEO of Apex Clearing. "In the final months of the year, we saw millennials start to take profits from their pandemic bets in beaten-down travel stocks and high-flying work-from-home names to position themselves for the future with increased interest in vaccine leaders Moderna and Pfizer."
Themes in the Q4 Apex Millennial 100 include:
"The influx of Gen Z investors into the markets in 2020 is a trend that has the potential to continue for years to come, thanks to the democratization of trading happening in the market now," said Tricia Rothschild, President of Apex Clearing. "Technology, zero-commissions and fractional trading make accessing markets easy at any age and income level. As the financial services industry builds on this foundation, the engagement from younger traders and investors will be even more likely to grow in the years to come."
To see the complete list of Millennial 100 stocks, click here.
About Apex Clearing Corporation
Apex Clearing is a custody and clearing engine that's powering the future of digital wealth management. Our proprietary enterprise-grade technology delivers speed, efficiency, and flexibility to firms ranging from innovative start-ups to blue-chip brands focused on transformation to capture a new generation of investors. We help our clients provide the seamless digital experiences today's consumers expect with the throughput and scalability needed by fast-growing, high-volume financial services businesses. Founded in 2012, Apex Clearing is registered with the SEC (News - Alert), a member of FINRA and a participant in SIPC.
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