iShares Global Timber & Forestry ETF (NASDAQ:WOOD) Trading 0.1% Higher – Here’s Why

iShares Global Timber & Forestry ETF (NASDAQ:WOOD) rose 0.1% during trading on Thursday . The company traded as high as $68.77 and last traded at $68.46. Approximately 9,637 shares traded hands during trading, a decline of 71% from the average daily volume of 33,042 shares. The stock had previously closed at $68.36.

iShares Global Timber & Forestry ETF Stock Performance

The company’s fifty day simple moving average is $71.97 and its two-hundred day simple moving average is $72.53. The company has a market capitalization of $250.56 million, a price-to-earnings ratio of 16.65 and a beta of 0.87.

Hedge Funds Weigh In On iShares Global Timber & Forestry ETF

A number of hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC bought a new stake in iShares Global Timber & Forestry ETF in the third quarter valued at about $29,000. Global Retirement Partners LLC raised its stake in iShares Global Timber & Forestry ETF by 27.1% during the third quarter. Global Retirement Partners LLC now owns 1,742 shares of the company’s stock valued at $128,000 after buying an additional 371 shares in the last quarter. JPMorgan Chase & Co. lifted 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 worth $153,000 after buying an additional 1,742 shares during the last quarter. Bank of Montreal Can grew its position in shares of iShares Global Timber & Forestry ETF by 559.4% in the 4th quarter. Bank of Montreal Can now owns 2,697 shares of the company’s stock worth $194,000 after acquiring an additional 2,288 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its position in shares of iShares Global Timber & Forestry ETF by 10,636.0% in the 1st quarter. Jones Financial Companies Lllp now owns 2,684 shares of the company’s stock worth $202,000 after acquiring an additional 2,659 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.