Financial Advocates Investment Management increased its holdings in shares of Automatic Data Processing, Inc. ( NASDAQ:ADP – Free Report ) by 0.7% in the 1st quarter, HoldingsChannel.com reports. The firm owned 10,172 shares of the business services provider's stock after acquiring an additional 68 shares during the period. Financial Advocates Investment Management's holdings in Automatic Data Processing were worth $2,265,000 as of its most recent SEC filing. A number of other hedge funds have also added to or reduced their stakes in the business.

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