iShares Global Timber & Forestry ETF (NASDAQ:WOOD) Trading 0.2% Higher – Time to Buy?

Shares of iShares Global Timber & Forestry ETF (NASDAQ:WOOD) traded up 0.2% on Tuesday . The stock traded as high as $73.67 and last traded at $73.33. 21,730 shares traded hands during mid-day trading, an increase of 89% from the average session volume of 11,510 shares. The stock had previously closed at $73.20.

iShares Global Timber & Forestry ETF Trading Up 0.2%

The business’s fifty day moving average price is $70.35 and its 200 day moving average price is $72.53. The firm has a market capitalization of $237.59 million, a price-to-earnings ratio of 16.65 and a beta of 0.92.

iShares Global Timber & Forestry ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were paid a $1.0553 dividend. The ex-dividend date was Tuesday, December 16th. This represents a yield of 297.0%.

Institutional Investors Weigh In On iShares Global Timber & Forestry ETF

Hedge funds have recently made changes to their positions in the business. Endowment Wealth Management Inc. increased its holdings in iShares Global Timber & Forestry ETF by 2.9% during the 3rd quarter. Endowment Wealth Management Inc. now owns 7,014 shares of the company’s stock valued at $515,000 after acquiring an additional 199 shares in the last quarter. Lynx Investment Advisory grew its position in shares of iShares Global Timber & Forestry ETF by 0.9% in the third quarter. Lynx Investment Advisory now owns 26,435 shares of the company’s stock valued at $1,941,000 after purchasing an additional 239 shares during the last quarter. Brookstone Capital Management increased its stake in shares of iShares Global Timber & Forestry ETF by 5.1% during the 3rd quarter. Brookstone Capital Management now owns 5,602 shares of the company’s stock worth $411,000 after purchasing an additional 273 shares in the last quarter. Private Wealth Asset Management LLC acquired a new position in shares of iShares Global Timber & Forestry ETF during the 2nd quarter worth approximately $26,000. Finally, Captrust Financial Advisors lifted its stake in iShares Global Timber & Forestry ETF by 7.1% in the 2nd quarter. Captrust Financial Advisors now owns 5,291 shares of the company’s stock valued at $388,000 after buying an additional 351 shares in the last quarter.

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.