Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Sets New 52-Week High – Here’s What Happened

Rolls-Royce Holdings plc (OTCMKTS:RYCEY) shares hit a new 52-week high on Tuesday . The company traded as high as $7.22 and last traded at $7.09, with a volume of 1633669 shares changing hands. The stock had previously closed at $7.08.

Rolls-Royce Holdings plc Stock Performance

The company’s 50-day moving average price is $6.67 and its 200-day moving average price is $5.93.

Institutional Trading of Rolls-Royce Holdings plc

Institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in shares of Rolls-Royce Holdings plc by 49.5% during the second quarter. GAMMA Investing LLC now owns 10,355 shares of the aerospace company’s stock worth $59,000 after buying an additional 3,430 shares during the last quarter. HighPoint Advisor Group LLC purchased a new stake in shares of Rolls-Royce Holdings plc during the fourth quarter worth approximately $65,000. Fulton Bank N.A. lifted its holdings in shares of Rolls-Royce Holdings plc by 67.1% during the first quarter. Fulton Bank N.A. now owns 46,448 shares of the aerospace company’s stock worth $250,000 after purchasing an additional 18,646 shares during the period. Torray Investment Partners LLC purchased a new position in Rolls-Royce Holdings plc in the 2nd quarter valued at $286,000. Finally, Rhumbline Advisers raised its position in Rolls-Royce Holdings plc by 19.0% during the 2nd quarter. Rhumbline Advisers now owns 83,570 shares of the aerospace company’s stock worth $479,000 after buying an additional 13,353 shares during the last quarter. 0.07% of the stock is owned by hedge funds and other institutional investors.

About Rolls-Royce Holdings plc

Rolls-Royce Holdings plc develops and delivers complex power and propulsion solutions for air, sea, and land in the United Kingdom and internationally. The company operates through four segments: Civil Aerospace, Defence, Power Systems, and New Markets. The Civil Aerospace segment develops, manufactures, markets, and sells aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as provides aftermarket services.