Gabelli Funds LLC lessened its position in shares of M&T Bank Co. (NYSE:MTB) by 4.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 192,500 shares of the financial services provider’s stock after selling 8,600 shares during the quarter. Gabelli Funds LLC owned approximately 0.14% of M&T Bank worth $27,553,000 at the end of the most recent quarter. Several other large investors have also recently added to or reduced their stakes in MTB.