Horizon Kinetics Asset Management LLC Decreases Stock Holdings in iShares Global Timber & Forestry ETF (NASDAQ:WOOD)

Horizon Kinetics Asset Management LLC reduced its stake in shares of iShares Global Timber & Forestry ETF (NASDAQ:WOOD) by 8.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,295 shares of the company’s stock after selling 555 shares during the quarter. Horizon Kinetics Asset Management LLC owned approximately 0.20% of iShares Global Timber & Forestry ETF worth $481,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in WOOD. Comprehensive Financial Planning Inc. PA purchased a new position in iShares Global Timber & Forestry ETF during the 4th quarter valued at $25,000. LRI Investments LLC purchased a new position in iShares Global Timber & Forestry ETF during the 3rd quarter valued at $31,000. SBI Securities Co. Ltd. purchased a new position in iShares Global Timber & Forestry ETF during the 4th quarter valued at $44,000. Larson Financial Group LLC increased its position in iShares Global Timber & Forestry ETF by 738.7% during the 3rd quarter. Larson Financial Group LLC now owns 1,602 shares of the company’s stock valued at $138,000 after purchasing an additional 1,411 shares during the period. Finally, MML Investors Services LLC increased its position in iShares Global Timber & Forestry ETF by 5.4% during the 3rd quarter. MML Investors Services LLC now owns 3,134 shares of the company’s stock valued at $270,000 after purchasing an additional 161 shares during the period.

iShares Global Timber & Forestry ETF Trading Up 0.9 %

Shares of iShares Global Timber & Forestry ETF stock opened at $78.64 on Tuesday. The company’s fifty day simple moving average is $78.56 and its two-hundred day simple moving average is $80.06. The company has a market cap of $245.36 million, a P/E ratio of 17.28 and a beta of 1.08. iShares Global Timber & Forestry ETF has a 12-month low of $74.66 and a 12-month high of $86.79.

iShares Global Timber & Forestry ETF 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.