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AIA Group sold off a portion of its Archer-Daniels-Midland shares, while Wellington Management increased its stake.
AIA Group Ltd reduced its holdings in Archer-Daniels-Midland (ADM) by 9.8% in the fourth quarter, selling 2,151 shares and holding 19,854 shares valued at $1,003,000.
ADM, with a "Hold" rating and $53.63 average price target, reported a strong quarter with $1.14 EPS, beating estimates by $0.07.
Meanwhile, Wellington Management Group increased its ADM shares by 8.9%, now owning 21,152,539 shares.
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