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

Scully Royalty Ltd. (NYSE:SRLGet Free Report)’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:SRLFree Report) 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

(Get Free Report)

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.

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