The Manufacturers Life Insurance Company Has $3.20 Million Stock Holdings in iShares Global Timber & Forestry ETF (NASDAQ:WOOD)

The Manufacturers Life Insurance Company increased its holdings in shares of iShares Global Timber & Forestry ETF (NASDAQ:WOOD) by 36.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,844 shares of the company’s stock after buying an additional 10,950 shares during the period. The Manufacturers Life Insurance Company owned about 1.75% of iShares Global Timber & Forestry ETF worth $3,201,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in WOOD. International Assets Investment Management LLC acquired a new stake in iShares Global Timber & Forestry ETF during the 2nd quarter worth approximately $26,000. Quent Capital LLC bought a new position in shares of iShares Global Timber & Forestry ETF during the first quarter worth about $38,000. Matrix Trust Co bought a new position in shares of iShares Global Timber & Forestry ETF during the second quarter worth about $101,000. Cullen Capital Management LLC bought a new position in shares of iShares Global Timber & Forestry ETF during the fourth quarter worth about $203,000. Finally, Stamos Capital Partners L.P. raised its position in shares of iShares Global Timber & Forestry ETF by 6.2% during the first quarter. Stamos Capital Partners L.P. now owns 3,590 shares of the company’s stock worth $303,000 after acquiring an additional 210 shares during the last quarter.

iShares Global Timber & Forestry ETF Price Performance

Shares of WOOD opened at $84.00 on Wednesday. The company has a market capitalization of $186.48 million, a price-to-earnings ratio of 6.98 and a beta of 1.08. The business has a 50-day moving average of $81.60 and a 200-day moving average of $81.31. iShares Global Timber & Forestry ETF has a 1 year low of $69.22 and a 1 year high of $86.79.

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.