First Trust Advisors LP Sells 1,561,296 Shares of Archer Daniels Midland Company $ADM

First Trust Advisors LP significantly reduced its stake in Archer Daniels Midland Company (NYSE:ADM) by selling 1,561,296 shares, a 59.6% reduction, in the third quarter. Despite this, other institutional investors increased their positions, and 78.28% of the stock is still owned by hedge funds and institutions. The company recently reported strong quarterly earnings, declared an increased dividend, and saw mixed insider activity, with a SVP selling shares and a director acquiring shares.

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