iShares Global Timber & Forestry ETF (NASDAQ:WOOD) Trading 2.1% Higher – What’s Next?

iShares Global Timber & Forestry ETF (NASDAQ:WOOD)’s share price shot up 2.1% during mid-day trading on Tuesday . The company traded as high as $71.63 and last traded at $71.50. 6,401 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 25,620 shares. The stock had previously closed at $70.05.

iShares Global Timber & Forestry ETF Trading Up 1.4%

The stock has a market capitalization of $268.14 million, a price-to-earnings ratio of 16.65 and a beta of 0.75. The firm’s fifty day moving average price is $67.49 and its 200 day moving average price is $71.21.

iShares Global Timber & Forestry ETF Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were given a $0.6286 dividend. The ex-dividend date of this dividend was Monday, June 15th.

Institutional Investors Weigh In On iShares Global Timber & Forestry ETF

Institutional investors have recently modified their holdings of the company. Comprehensive Money Management Services LLC raised its holdings in shares of 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 buying an additional 15,180 shares during the period. Brookstone Capital Management boosted its holdings in iShares Global Timber & Forestry ETF by 8.5% during the 4th quarter. Brookstone Capital Management now owns 6,080 shares of the company’s stock valued at $438,000 after acquiring an additional 478 shares during the period. JPMorgan Chase & Co. boosted its holdings in iShares Global Timber & Forestry ETF by 506.4% during the 3rd 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. Advisory Services Network LLC acquired a new position in iShares Global Timber & Forestry ETF in the 3rd quarter valued at about $29,000. Finally, 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 acquiring an additional 38,778 shares in the last quarter.

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.