Scully Royalty (NYSE:SRL) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

Scully Royalty Ltd. (NYSE:SRL)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.76 and traded as low as $7.43. Scully Royalty shares last traded at $7.85, with a volume of 748 shares.

Scully Royalty Trading Down 0.3 %

The firm has a 50-day moving average of $7.63 and a 200 day moving average of $7.76.

Scully Royalty Cuts Dividend

The business also recently declared a — dividend, which will be paid on Friday, February 21st. Investors of record on Friday, January 24th will be given a dividend of $0.26 per share. The ex-dividend date is Friday, January 24th.

Hedge Funds Weigh In On Scully Royalty

A hedge fund recently bought a new stake in Scully Royalty stock. SVB Wealth LLC purchased a new position in shares of Scully Royalty Ltd. (NYSE:SRL) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 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 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 41.96% of the company’s stock.

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.