iShares Global Timber & Forestry ETF (NASDAQ:WOOD) Stock Price Up 2.2% – What’s Next?

iShares Global Timber & Forestry ETF (NASDAQ:WOOD)’s share price rose 2.2% during mid-day trading on Thursday . The company traded as high as $67.30 and last traded at $67.30. Approximately 7,719 shares were traded during trading, a decline of 74% from the average daily volume of 29,518 shares. The stock had previously closed at $65.84.

iShares Global Timber & Forestry ETF Stock Performance

The business has a fifty day simple moving average of $68.58 and a 200-day simple moving average of $71.98. The stock has a market capitalization of $249.17 million, a P/E ratio of 16.65 and a beta of 0.75.

Hedge Funds Weigh In On iShares Global Timber & Forestry ETF

Institutional investors have recently modified their holdings of the company. Advisory Services Network LLC acquired a new position in shares of iShares Global Timber & Forestry ETF during the third quarter worth approximately $29,000. Fifth Third Bancorp acquired a new position in shares of iShares Global Timber & Forestry ETF during the first quarter worth approximately $142,000. JPMorgan Chase & Co. raised its position in shares of iShares Global Timber & Forestry ETF by 506.4% during the third 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. Bank of Montreal Can raised its position in shares of iShares Global Timber & Forestry ETF by 559.4% during the fourth quarter. Bank of Montreal Can now owns 2,697 shares of the company’s stock worth $194,000 after purchasing an additional 2,288 shares during the period. Finally, Jones Financial Companies Lllp raised its position in shares of iShares Global Timber & Forestry ETF by 10,636.0% during the first quarter. Jones Financial Companies Lllp now owns 2,684 shares of the company’s stock worth $202,000 after purchasing an additional 2,659 shares during the period.

About iShares Global Timber & Forestry ETF

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.