M Financial Asset Management Inc. Reduces Holdings in iShares Global Timber & Forestry ETF (NASDAQ:WOOD)

M Financial Asset Management Inc. cut its stake in shares of iShares Global Timber & Forestry ETF (NASDAQ:WOOD) by 24.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,187 shares of the company’s stock after selling 2,343 shares during the quarter. iShares Global Timber & Forestry ETF makes up approximately 2.2% of M Financial Asset Management Inc.’s holdings, making the stock its 8th biggest holding. M Financial Asset Management Inc.’s holdings in iShares Global Timber & Forestry ETF were worth $563,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of WOOD. International Assets Investment Management LLC purchased a new stake in iShares Global Timber & Forestry ETF in the second quarter valued at about $26,000. U S Global Investors Inc. purchased a new position in shares of iShares Global Timber & Forestry ETF in the 1st quarter valued at approximately $30,000. Simplex Trading LLC acquired a new stake in iShares Global Timber & Forestry ETF in the 4th quarter worth approximately $32,000. Quent Capital LLC purchased a new stake in iShares Global Timber & Forestry ETF during the 1st quarter worth approximately $38,000. Finally, Matrix Trust Co acquired a new position in iShares Global Timber & Forestry ETF during the 2nd quarter valued at approximately $101,000.

iShares Global Timber & Forestry ETF Trading Up 0.7 %

NASDAQ WOOD opened at $80.60 on Wednesday. The stock has a market cap of $188.59 million, a P/E ratio of 6.98 and a beta of 1.08. iShares Global Timber & Forestry ETF has a 12-month low of $69.22 and a 12-month high of $85.29. The company has a fifty day simple moving average of $79.70 and a two-hundred day simple moving average of $80.75.

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.