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

Shares of iShares Global Timber & Forestry ETF (NASDAQ:WOOD) traded up 0.1% on Thursday . The stock traded as high as $66.22 and last traded at $65.95. 15,524 shares traded hands during 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 50 day moving average of $69.54 and a two-hundred day moving average of $72.23. The firm has a market cap of $241.38 million, a P/E ratio of 16.65 and a beta of 0.76.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Bank of America Corp DE boosted its stake in iShares Global Timber & Forestry ETF by 46.9% during the first quarter. Bank of America Corp DE now owns 121,529 shares of the company’s stock valued at $8,622,000 after buying an additional 38,778 shares in the last quarter. Comprehensive Money Management Services LLC lifted its holdings in shares of 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 purchasing an additional 15,180 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of iShares Global Timber & Forestry ETF during the third quarter valued at $2,595,000. Jane Street Group LLC lifted its holdings in shares of iShares Global Timber & Forestry ETF by 29.2% during the fourth 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 last quarter. Finally, Truist Financial Corp lifted its holdings in shares of iShares Global Timber & Forestry ETF by 4.7% during the third quarter. Truist Financial Corp now owns 27,619 shares of the company’s stock valued at $2,027,000 after purchasing an additional 1,230 shares during the last quarter.

About iShares Global Timber & Forestry ETF

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.