Cullen Capital Management LLC Takes Position in iShares Global Timber & Forestry ETF (NASDAQ:WOOD)

Cullen Capital Management LLC acquired a new position in shares of iShares Global Timber & Forestry ETF (NASDAQ:WOOD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,900 shares of the company’s stock, valued at approximately $908,000. Cullen Capital Management LLC owned approximately 0.38% of iShares Global Timber & Forestry ETF at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Comprehensive Financial Planning Inc. PA acquired a new position in iShares Global Timber & Forestry ETF during the 4th quarter worth approximately $25,000. LRI Investments LLC bought a new stake in shares of iShares Global Timber & Forestry ETF during the third quarter valued at approximately $31,000. SBI Securities Co. Ltd. bought a new stake in shares of iShares Global Timber & Forestry ETF during the fourth quarter valued at approximately $44,000. MML Investors Services LLC raised its position in shares of iShares Global Timber & Forestry ETF by 5.4% during the third quarter. MML Investors Services LLC now owns 3,134 shares of the company’s stock worth $270,000 after purchasing an additional 161 shares during the period. Finally, Brookstone Capital Management lifted its holdings in shares of iShares Global Timber & Forestry ETF by 14.4% in the 4th quarter. Brookstone Capital Management now owns 4,604 shares of the company’s stock worth $351,000 after purchasing an additional 581 shares in the last quarter.

iShares Global Timber & Forestry ETF Trading Down 4.8 %

NASDAQ WOOD opened at $69.53 on Friday. The company has a fifty day simple moving average of $78.15 and a 200 day simple moving average of $79.52. iShares Global Timber & Forestry ETF has a 12-month low of $69.00 and a 12-month high of $86.79. The company has a market cap of $216.93 million, a P/E ratio of 16.97 and a beta of 1.08.

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.