iShares Global Timber & Forestry ETF (NASDAQ:WOOD) Trading 2.2% Higher – Should You Buy?

Shares of iShares Global Timber & Forestry ETF (NASDAQ:WOOD) traded up 2.2% during trading on Thursday . The stock traded as high as $67.30 and last traded at $67.30. 7,719 shares were traded during trading, a decline of 74% from the average session volume of 29,518 shares. The stock had previously closed at $65.84.

iShares Global Timber & Forestry ETF Trading Up 2.2%

The firm’s 50-day moving average is $68.64 and its 200-day moving average is $72.01. The firm has a market cap of $246.32 million, a price-to-earnings ratio of 16.65 and a beta of 0.75.

Institutional Trading of iShares Global Timber & Forestry ETF

Several hedge funds have recently bought and sold shares of WOOD. Bank of America Corp DE grew its position in iShares Global Timber & Forestry ETF by 46.9% in the 1st quarter. Bank of America Corp DE now owns 121,529 shares of the company’s stock valued at $8,622,000 after purchasing an additional 38,778 shares during the period. Flow Traders U.S. LLC acquired a new stake in iShares Global Timber & Forestry ETF in the 3rd quarter valued at $2,595,000. Comprehensive Money Management Services LLC grew its position in 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 valued at $2,676,000 after purchasing an additional 15,180 shares during the period. Jane Street Group LLC grew its position in iShares Global Timber & Forestry ETF by 29.2% in the 4th quarter. Jane Street Group LLC now owns 32,320 shares of the company’s stock valued at $2,327,000 after purchasing an additional 7,295 shares during the period. Finally, Cordoba Advisory Partners LLC acquired a new stake in iShares Global Timber & Forestry ETF in the 4th quarter valued at $474,000.

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. These include forest products companies, timber real estate investment trusts (REITs), paper products companies, paper packaging companies and agricultural products companies.