Investors in International Business Machines Co (NYSE: IBM) have been keenly watching to see if the stock will be able to make it to the green on Friday, as Maryland Capital Management has added to its position in the company by 34.1%. In a filing with the Securities and Exchange Commission, it was revealed that the institutional investor now owns 39,109 shares of the technology company’s stock after purchasing an additional 9,946 shares during the most recent quarter. This brings the total number of company ownership shares to 39,109.

The institutional investor’s investment in International Business Machines increased its holding in the firm to $4,646,000. Consequently, a number of fellow hedge funds and other institutional investors have recently been active in the stock. During the period of the current fiscal year, Smith, Moore & Co increased the percentage of International Business Machines stock that it owns