iShares Global Timber & Forestry ETF (NASDAQ:WOOD) Shares Up 0.4% – Here’s Why

Shares of iShares Global Timber & Forestry ETF (NASDAQ:WOOD) rose 0.4% during mid-day trading on Tuesday . The stock traded as high as $74.27 and last traded at $73.36. Approximately 11,865 shares traded hands during trading, a decline of 74% from the average daily volume of 46,262 shares. The stock had previously closed at $73.09.

iShares Global Timber & Forestry ETF Stock Up 0.4%

The business has a fifty day moving average price of $76.71 and a 200-day moving average price of $73.51. The company has a market cap of $259.69 million, a P/E ratio of 16.65 and a beta of 0.92.

iShares Global Timber & Forestry ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were issued a dividend of $1.0553 per share. This represents a yield of 297.0%. The ex-dividend date of this dividend was Tuesday, December 16th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC bought a new position in iShares Global Timber & Forestry ETF during the 3rd quarter worth $29,000. Global Retirement Partners LLC boosted its position in shares of iShares Global Timber & Forestry ETF by 27.1% in the third quarter. Global Retirement Partners LLC now owns 1,742 shares of the company’s stock valued at $128,000 after acquiring an additional 371 shares during the period. JPMorgan Chase & Co. boosted its position in shares of iShares Global Timber & Forestry ETF by 506.4% in the third quarter. JPMorgan Chase & Co. now owns 2,086 shares of the company’s stock valued at $153,000 after acquiring an additional 1,742 shares during the period. Bank of Montreal Can grew its stake in shares of iShares Global Timber & Forestry ETF by 559.4% in the fourth quarter. Bank of Montreal Can now owns 2,697 shares of the company’s stock valued at $194,000 after acquiring an additional 2,288 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its stake in shares of iShares Global Timber & Forestry ETF by 10,636.0% in the first quarter. Jones Financial Companies Lllp now owns 2,684 shares of the company’s stock valued at $202,000 after acquiring an additional 2,659 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.