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

Scully Royalty Ltd. (NYSE:SRL) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $7.89 and traded as low as $7.72. Scully Royalty shares last traded at $7.72, with a volume of 3,466 shares.

Scully Royalty Price Performance

The company has a fifty day moving average price of $7.89 and a two-hundred day moving average price of $7.79.

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 given a $0.26 dividend. The ex-dividend date of this dividend was Friday, January 24th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Scully Royalty stock. SVB Wealth LLC purchased a new stake in Scully Royalty Ltd. (NYSE:SRL) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 22,455 shares of the financial services provider’s stock, valued at approximately $208,000. SVB Wealth LLC owned 0.15% of Scully Royalty as of its most recent SEC filing. 41.96% of the stock is owned by institutional investors.

About Scully Royalty

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.