Scully Royalty (NYSE:SRL) Share Price Passes Below 50 Day Moving Average – Here’s What Happened

Scully Royalty Ltd. (NYSE:SRL)’s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $7.92 and traded as low as $7.68. Scully Royalty shares last traded at $7.90, with a volume of 3,723 shares.

Scully Royalty Trading Up 2.5 %

The company’s fifty day moving average is $7.92 and its 200 day moving average is $7.78.

Scully Royalty Cuts Dividend

The firm also recently declared a — dividend, which was paid on Friday, February 21st. Investors of record on Friday, January 24th were paid a dividend of $0.26 per share. The ex-dividend date was Friday, January 24th.

Hedge Funds Weigh In On Scully Royalty

An institutional investor recently bought a new position in Scully Royalty stock. SVB Wealth LLC purchased a new stake in Scully Royalty Ltd. (NYSE:SRL) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 22,455 shares of the financial services provider’s stock, valued at approximately $208,000. SVB Wealth LLC owned about 0.15% of Scully Royalty at the end of the most recent reporting period. Hedge funds and other institutional investors own 41.96% of the company’s stock.

Scully Royalty Company Profile

Scully Royalty Ltd. operates as an iron ore mining company in the Americas, Africa, Canada, Asia, and Europe. It operates through three segments: Royalty, Industrial, and Merchant Banking. The company holds royalty interest in the Scully iron ore mine located in the Province of Newfoundland and Labrador, Canada.