Financial firms adjust stakes in banks and tech firms, with notable changes in M&T Bank and MercadoLibre.

Several financial firms adjusted their stakes in banking and tech stocks this quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in M&T Bank by 4.3%, while Robeco Institutional Asset Management increased its stake in MGIC Investment. Metropolitan Bank reached a new 12-month high, and Sequoia Financial Advisors reduced its holdings in MercadoLibre by 31.2%. These companies reported various financial metrics, including earnings per share and revenue growth.