iShares Global Timber & Forestry ETF (NASDAQ:WOOD) Trading 0.2% Higher – Here’s What Happened

iShares Global Timber & Forestry ETF (NASDAQ:WOOD) were up 0.2% during trading on Tuesday . The company traded as high as $73.67 and last traded at $73.33. Approximately 21,730 shares traded hands during trading, an increase of 89% from the average daily volume of 11,510 shares. The stock had previously closed at $73.20.

iShares Global Timber & Forestry ETF Stock Performance

The firm has a market cap of $237.59 million, a price-to-earnings ratio of 16.65 and a beta of 0.92. The business’s 50 day moving average price is $70.35 and its 200-day moving average price is $72.53.

iShares Global Timber & Forestry ETF Dividend Announcement

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

Institutional Trading of iShares Global Timber & Forestry ETF

Several institutional investors have recently added to or reduced their stakes in WOOD. 1832 Asset Management L.P. raised its stake in iShares Global Timber & Forestry ETF by 12.3% during the second quarter. 1832 Asset Management L.P. now owns 289,265 shares of the company’s stock worth $21,220,000 after acquiring an additional 31,746 shares during the period. ONE Advisory Partners LLC bought a new position in iShares Global Timber & Forestry ETF during the 2nd quarter worth $215,000. Private Wealth Asset Management LLC acquired a new stake in iShares Global Timber & Forestry ETF in the second quarter worth $26,000. Envestnet Asset Management Inc. boosted its holdings in shares of iShares Global Timber & Forestry ETF by 4.6% during the second quarter. Envestnet Asset Management Inc. now owns 25,105 shares of the company’s stock valued at $1,842,000 after acquiring an additional 1,112 shares during the period. Finally, Brookstone Capital Management boosted its holdings in shares of iShares Global Timber & Forestry ETF by 9.9% during the second quarter. Brookstone Capital Management now owns 5,329 shares of the company’s stock valued at $391,000 after acquiring an additional 480 shares during the period.

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.