Raymond James Financial Inc. Makes New Investment in iShares Global Timber & Forestry ETF (NASDAQ:WOOD)

Raymond James Financial Inc. purchased a new stake in shares of iShares Global Timber & Forestry ETF (NASDAQ:WOOD) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 6,296 shares of the company’s stock, valued at approximately $481,000.

A number of other hedge funds have also modified their holdings of the company. Comprehensive Financial Planning Inc. PA acquired a new position in iShares Global Timber & Forestry ETF during the fourth quarter valued at $25,000. LRI Investments LLC purchased a new position in shares of iShares Global Timber & Forestry ETF during the 3rd quarter valued at about $31,000. SBI Securities Co. Ltd. acquired a new position in shares of iShares Global Timber & Forestry ETF in the 4th quarter valued at about $44,000. MML Investors Services LLC boosted its stake in shares of iShares Global Timber & Forestry ETF by 5.4% in the third quarter. MML Investors Services LLC now owns 3,134 shares of the company’s stock worth $270,000 after buying an additional 161 shares during the last quarter. Finally, Brookstone Capital Management grew its holdings in iShares Global Timber & Forestry ETF by 14.4% during the fourth quarter. Brookstone Capital Management now owns 4,604 shares of the company’s stock worth $351,000 after acquiring an additional 581 shares during the period.

iShares Global Timber & Forestry ETF Price Performance

NASDAQ:WOOD opened at $68.41 on Tuesday. The company has a 50 day moving average price of $77.90 and a 200-day moving average price of $79.38. iShares Global Timber & Forestry ETF has a 1-year low of $66.73 and a 1-year high of $86.79. The firm has a market cap of $213.44 million, a price-to-earnings ratio of 16.97 and a beta of 1.08.

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.