iShares Global Timber & Forestry ETF (NASDAQ:WOOD) Trading 0.1% Higher – What’s Next?

iShares Global Timber & Forestry ETF (NASDAQ:WOOD) shares were up 0.1% during trading on Thursday . The stock traded as high as $68.77 and last traded at $68.46. Approximately 9,637 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 33,042 shares. The stock had previously closed at $68.36.

iShares Global Timber & Forestry ETF Price Performance

The company’s 50-day moving average is $71.97 and its 200-day moving average is $72.53. The firm has a market capitalization of $251.55 million, a price-to-earnings ratio of 16.65 and a beta of 0.76.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Comprehensive Money Management Services LLC raised its holdings in shares of 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. Flow Traders U.S. LLC acquired a new stake in iShares Global Timber & Forestry ETF during the 3rd quarter worth approximately $2,595,000. Jane Street Group LLC raised its holdings in iShares Global Timber & Forestry ETF by 29.2% in the fourth quarter. Jane Street Group LLC now owns 32,320 shares of the company’s stock valued at $2,327,000 after buying an additional 7,295 shares during the period. Truist Financial Corp lifted its position in iShares Global Timber & Forestry ETF by 4.7% during the third quarter. Truist Financial Corp now owns 27,619 shares of the company’s stock valued at $2,027,000 after buying an additional 1,230 shares in the last quarter. Finally, Lynx Investment Advisory grew its stake in iShares Global Timber & Forestry ETF by 0.9% during the third quarter. Lynx Investment Advisory now owns 26,435 shares of the company’s stock worth $1,941,000 after buying an additional 239 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.