Scully Royalty (NYSE:SRL) Stock Price Crosses Below Fifty Day Moving Average of $6.88

Scully Royalty Ltd. (NYSE:SRL)’s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $6.88 and traded as low as $6.38. Scully Royalty shares last traded at $6.53, with a volume of 1,255 shares traded.

Scully Royalty Trading Down 1.8 %

The business has a 50-day moving average price of $6.88 and a two-hundred day moving average price of $6.28.

Hedge Funds Weigh In On Scully Royalty

A number of institutional investors have recently modified their holdings of the company. UBS Group AG raised its position in shares of Scully Royalty by 52.3% during the third quarter. UBS Group AG now owns 3,783 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 1,299 shares during the period. Renaissance Technologies LLC raised its position in shares of Scully Royalty by 6.6% during the second quarter. Renaissance Technologies LLC now owns 61,214 shares of the financial services provider’s stock worth $446,000 after purchasing an additional 3,800 shares during the period. Royal Bank of Canada raised its position in shares of Scully Royalty by 1.6% during the third quarter. Royal Bank of Canada now owns 272,728 shares of the financial services provider’s stock worth $1,544,000 after purchasing an additional 4,350 shares during the period. Finally, Captrust Financial Advisors acquired a new position in shares of Scully Royalty during the second quarter worth approximately $59,000. 41.96% of the stock is owned by institutional investors and hedge funds.

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.