iShares Global Timber & Forestry ETF (NASDAQ:WOOD) Stock Price Up 2.1% – Here’s Why

Shares of iShares Global Timber & Forestry ETF (NASDAQ:WOOD) shot up 2.1% during trading on Tuesday . The stock traded as high as $71.63 and last traded at $71.50. Approximately 6,401 shares were traded during trading, a decline of 75% from the average session volume of 25,620 shares. The stock had previously closed at $70.05.

iShares Global Timber & Forestry ETF Price Performance

The stock has a market capitalization of $265.98 million, a P/E ratio of 16.65 and a beta of 0.75. The stock’s fifty day moving average is $67.39 and its two-hundred day moving average is $71.23.

iShares Global Timber & Forestry ETF Dividend Announcement

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

Institutional Investors Weigh In On iShares Global Timber & Forestry ETF

Large investors have recently modified their holdings of the stock. Advisory Services Network LLC acquired a new stake in shares of iShares Global Timber & Forestry ETF during the third quarter worth $29,000. Fifth Third Bancorp purchased a new stake in shares of iShares Global Timber & Forestry ETF during the first quarter valued at $142,000. JPMorgan Chase & Co. boosted its position in shares of 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 valued at $153,000 after purchasing an additional 1,742 shares during the period. Bank of Montreal Can boosted its position in shares of iShares Global Timber & Forestry ETF by 559.4% in the 4th quarter. Bank of Montreal Can now owns 2,697 shares of the company’s stock valued at $194,000 after purchasing an additional 2,288 shares during the period. Finally, Jones Financial Companies Lllp boosted its position in shares of iShares Global Timber & Forestry ETF by 10,636.0% in the 1st quarter. Jones Financial Companies Lllp now owns 2,684 shares of the company’s stock valued at $202,000 after purchasing an additional 2,659 shares during the period.

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.