International Assets Investment Management LLC Takes $2.19 Million Position in iShares Global Timber & Forestry ETF (NASDAQ:WOOD)

International Assets Investment Management LLC acquired a new stake in iShares Global Timber & Forestry ETF (NASDAQ:WOOD) in the fourth quarter, HoldingsChannel reports. The fund acquired 26,956 shares of the company’s stock, valued at approximately $2,192,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Morgan Stanley lifted its stake in shares of iShares Global Timber & Forestry ETF by 2.1% during the 4th quarter. Morgan Stanley now owns 15,833 shares of the company’s stock worth $1,152,000 after buying an additional 323 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of iShares Global Timber & Forestry ETF by 1.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 22,317 shares of the company’s stock worth $1,598,000 after buying an additional 378 shares during the last quarter. Wealthfront Advisers LLC lifted its stake in shares of iShares Global Timber & Forestry ETF by 15.4% during the 3rd quarter. Wealthfront Advisers LLC now owns 3,905 shares of the company’s stock worth $289,000 after buying an additional 521 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of iShares Global Timber & Forestry ETF by 15.7% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 3,889 shares of the company’s stock worth $316,000 after buying an additional 528 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in shares of iShares Global Timber & Forestry ETF by 11.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 5,060 shares of the company’s stock worth $331,000 after buying an additional 535 shares during the last quarter.

iShares Global Timber & Forestry ETF Stock Performance

NASDAQ WOOD opened at $79.45 on Friday. The firm has a 50-day moving average of $80.48 and a 200-day moving average of $77.71. The stock has a market cap of $190.68 million, a PE ratio of 7.09 and a beta of 1.08. iShares Global Timber & Forestry ETF has a 52-week low of $68.91 and a 52-week high of $84.93.

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.