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

iShares Global Timber & Forestry ETF (NASDAQ:WOOD)’s share price shot up 0.4% during trading on Tuesday . The company traded as high as $74.27 and last traded at $73.36. 11,865 shares traded hands during 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 Up 0.4%

The firm has a 50 day simple moving average of $76.71 and a 200-day simple moving average of $73.51. The stock has a market cap of $259.69 million, a P/E ratio of 16.65 and a beta of 0.92.

iShares Global Timber & Forestry ETF Announces Dividend

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

Institutional Investors Weigh In On iShares Global Timber & Forestry ETF

Several hedge funds have recently added to or reduced their stakes in WOOD. 1832 Asset Management L.P. increased its holdings in shares of iShares Global Timber & Forestry ETF by 12.3% in the second quarter. 1832 Asset Management L.P. now owns 289,265 shares of the company’s stock valued at $21,220,000 after purchasing an additional 31,746 shares during the last quarter. Comprehensive Money Management Services LLC lifted its stake in shares of iShares Global Timber & Forestry ETF by 69.1% during the 4th quarter. Comprehensive Money Management Services LLC now owns 37,155 shares of the company’s stock worth $2,676,000 after buying an additional 15,180 shares during the last quarter. Flow Traders U.S. LLC bought a new stake in shares of iShares Global Timber & Forestry ETF during the 3rd quarter worth about $2,595,000. Jane Street Group LLC boosted its holdings in shares of iShares Global Timber & Forestry ETF by 29.2% during the 4th quarter. Jane Street Group LLC now owns 32,320 shares of the company’s stock worth $2,327,000 after buying an additional 7,295 shares during the period. Finally, Truist Financial Corp grew its stake in iShares Global Timber & Forestry ETF by 4.7% in the 3rd quarter. Truist Financial Corp now owns 27,619 shares of the company’s stock valued at $2,027,000 after buying an additional 1,230 shares during 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.