Scully Royalty (NYSE:SRL) Stock Price Passes Below 50 Day Moving Average – Time to Sell?

Scully Royalty Ltd. (NYSE:SRL)’s stock price crossed 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 traded.

Scully Royalty Stock Up 2.5 %

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

Scully Royalty Cuts Dividend

The business also recently disclosed a — dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, January 24th were issued a dividend of $0.26 per share. The ex-dividend date was 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 fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 SEC. 41.96% of the stock is owned by hedge funds and other 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.