iShares Global Timber & Forestry ETF (NASDAQ:WOOD) Shares Up 0.4% – Should You Buy?

iShares Global Timber & Forestry ETF (NASDAQ:WOOD)’s share price shot up 0.4% on Tuesday . The stock traded as high as $74.27 and last traded at $73.36. 11,865 shares were traded during mid-day trading, a decline of 74% from the average session volume of 46,262 shares. The stock had previously closed at $73.09.

iShares Global Timber & Forestry ETF Stock Performance

The company has a market cap of $252.54 million, a P/E ratio of 16.65 and a beta of 0.92. The stock has a 50-day moving average of $76.73 and a two-hundred day moving average of $73.50.

iShares Global Timber & Forestry ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were paid a $1.0553 dividend. This represents a dividend yield of 297.0%. The ex-dividend date of this dividend was Tuesday, December 16th.

Hedge Funds Weigh In On iShares Global Timber & Forestry ETF

Several large investors have recently modified their holdings of WOOD. Cetera Investment Advisers grew its position in iShares Global Timber & Forestry ETF by 7.7% during the 4th quarter. Cetera Investment Advisers now owns 3,855 shares of the company’s stock valued at $278,000 after purchasing an additional 274 shares during the last quarter. Osaic Holdings Inc. raised its holdings in iShares Global Timber & Forestry ETF by 62.9% in the fourth quarter. Osaic Holdings Inc. now owns 8,836 shares of the company’s stock worth $637,000 after buying an additional 3,411 shares during the last quarter. MML Investors Services LLC raised its holdings in iShares Global Timber & Forestry ETF by 12.4% in the fourth quarter. MML Investors Services LLC now owns 4,512 shares of the company’s stock worth $325,000 after buying an additional 497 shares during the last quarter. Cordoba Advisory Partners LLC bought a new position in shares of iShares Global Timber & Forestry ETF in the fourth quarter worth approximately $474,000. Finally, Arkadios Wealth Advisors lifted its stake in shares of iShares Global Timber & Forestry ETF by 8.2% in the fourth quarter. Arkadios Wealth Advisors now owns 7,680 shares of the company’s stock worth $553,000 after buying an additional 583 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.