Nwam LLC Makes New Investment in iShares Global Timber & Forestry ETF $WOOD

Nwam LLC purchased a new position in shares of iShares Global Timber & Forestry ETF (NASDAQ:WOOD) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 15,922 shares of the company’s stock, valued at approximately $1,055,000. Nwam LLC owned approximately 0.43% of iShares Global Timber & Forestry ETF at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of WOOD. Cetera Investment Advisers lifted its stake in shares of iShares Global Timber & Forestry ETF by 7.7% during the fourth quarter. Cetera Investment Advisers now owns 3,855 shares of the company’s stock valued at $278,000 after buying an additional 274 shares during the period. Captrust Financial Advisors grew 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 worth $388,000 after acquiring an additional 351 shares during the period. Fifth Third Securities Inc. raised its holdings in iShares Global Timber & Forestry ETF by 11.8% in the 2nd quarter. Fifth Third Securities Inc. now owns 3,521 shares of the company’s stock valued at $233,000 after acquiring an additional 373 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of iShares Global Timber & Forestry ETF during the 3rd quarter worth $29,000. Finally, MML Investors Services LLC lifted its stake in shares of iShares Global Timber & Forestry ETF by 12.4% during the 4th quarter. MML Investors Services LLC now owns 4,512 shares of the company’s stock worth $325,000 after purchasing an additional 497 shares during the period.

iShares Global Timber & Forestry ETF Stock Down 0.0%

WOOD stock opened at $71.24 on Thursday. The stock has a market capitalization of $265.01 million, a price-to-earnings ratio of 16.65 and a beta of 0.74. iShares Global Timber & Forestry ETF has a 52-week low of $64.53 and a 52-week high of $83.32. The stock’s fifty day simple moving average is $70.09 and its 200-day simple moving average is $70.37.

iShares Global Timber & Forestry ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were given a dividend of $0.6286 per share. The ex-dividend date was Monday, June 15th.

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.