In Q4, Moneta Group Investment Advisors LLC significantly increased its stake in Automatic Data Processing (ADP), while Apella Capital LLC reduced its holdings.

Apella Capital LLC reduced its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 13.2% in Q4, owning 3,876 shares worth $906,000. Moneta Group Investment Advisors LLC increased its stake by 94,265.5%, now owning 6,770,728 shares valued at $1.617bn. Other institutional investors such as Norges Bank and Veritas Asset Management LLP also bought new positions in ADP during Q4.