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

Shares of Scully Royalty Ltd. (NYSE:SRL) 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 Stock Down 1.4 %

The firm’s 50 day simple moving average is $7.89 and its 200 day simple moving average is $7.79.

Scully Royalty Cuts Dividend

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

Institutional Trading of Scully Royalty

An institutional investor recently bought a new position in Scully Royalty stock. SVB Wealth LLC bought a new stake in shares of Scully Royalty Ltd. (NYSE:SRL) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 22,455 shares of the financial services provider’s stock, valued at approximately $208,000. SVB Wealth LLC owned approximately 0.15% of Scully Royalty at the end of the most recent quarter. 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.