iShares Global Timber & Forestry ETF (NASDAQ:WOOD) Trading Down 0.2% – Here’s Why

iShares Global Timber & Forestry ETF (NASDAQ:WOOD) traded down 0.2% during trading on Tuesday . The stock traded as low as $67.03 and last traded at $67.18. 5,235 shares were traded during trading, a decline of 81% from the average daily volume of 27,388 shares. The stock had previously closed at $67.30.

iShares Global Timber & Forestry ETF Trading Down 0.2%

The firm has a market cap of $249.91 million, a price-to-earnings ratio of 16.65 and a beta of 0.75. The stock has a 50-day moving average of $67.16 and a two-hundred day moving average of $71.59.

iShares Global Timber & Forestry ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were paid a dividend of $0.6286 per share. The ex-dividend date of this dividend was Monday, June 15th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Flow Traders U.S. LLC acquired a new stake in shares of iShares Global Timber & Forestry ETF during the third quarter valued at approximately $2,595,000. Comprehensive Money Management Services LLC boosted its stake in iShares Global Timber & Forestry ETF by 69.1% in the 4th quarter. Comprehensive Money Management Services LLC now owns 37,155 shares of the company’s stock worth $2,676,000 after purchasing an additional 15,180 shares during the period. JPMorgan Chase & Co. boosted its stake in iShares Global Timber & Forestry ETF by 506.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,086 shares of the company’s stock worth $153,000 after purchasing an additional 1,742 shares during the period. Brookstone Capital Management grew its position in iShares Global Timber & Forestry ETF by 8.5% during the 4th quarter. Brookstone Capital Management now owns 6,080 shares of the company’s stock worth $438,000 after purchasing an additional 478 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its position in iShares Global Timber & Forestry ETF by 6.8% during the 1st quarter. Arkadios Wealth Advisors now owns 8,200 shares of the company’s stock worth $582,000 after purchasing an additional 520 shares in the last quarter.

iShares Global Timber & Forestry ETF Company Profile

iShares Global Timber & Forestry ETF, formerly iShares S&P Global Timber & Forestry Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Global Timber & Forestry Index (the Index). The Index consists of approximately 25 publicly-traded companies engaged in the ownership, management or upstream supply chain of forests and timberlands. These include forest products companies, timber real estate investment trusts (REITs), paper products companies, paper packaging companies and agricultural products companies.