iShares Global Timber & Forestry ETF (NASDAQ:WOOD) Trading 0.1% Higher – Should You Buy?

iShares Global Timber & Forestry ETF (NASDAQ:WOOD)’s stock price traded up 0.1% during mid-day trading on Thursday . The stock traded as high as $66.22 and last traded at $65.95. 15,524 shares changed hands during mid-day trading, a decline of 50% from the average session volume of 31,227 shares. The stock had previously closed at $65.91.

iShares Global Timber & Forestry ETF Stock Up 0.1%

The company has a market cap of $241.38 million, a P/E ratio of 16.65 and a beta of 0.76. The company has a 50 day moving average price of $69.54 and a 200-day moving average price of $72.23.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Comprehensive Money Management Services LLC boosted its stake in iShares Global Timber & Forestry ETF by 69.1% during the fourth 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 in the last quarter. Flow Traders U.S. LLC bought a new position in iShares Global Timber & Forestry ETF during the third quarter valued at about $2,595,000. Brookstone Capital Management boosted its stake in iShares Global Timber & Forestry ETF by 8.6% during the first quarter. Brookstone Capital Management now owns 6,602 shares of the company’s stock valued at $468,000 after buying an additional 522 shares in the last quarter. Endowment Wealth Management Inc. boosted its stake in iShares Global Timber & Forestry ETF by 14.5% during the fourth quarter. Endowment Wealth Management Inc. now owns 8,033 shares of the company’s stock valued at $578,000 after buying an additional 1,019 shares in the last quarter. Finally, Fifth Third Securities Inc. bought a new position in iShares Global Timber & Forestry ETF during the fourth quarter valued at about $204,000.

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.