iShares Global Timber & Forestry ETF (WOOD)
| Assets | $171.74M |
| Expense Ratio | 0.41% |
| PE Ratio | 6.95 |
| Shares Out | 2.22M |
| Dividend (ttm) | $1.26 |
| Dividend Yield | 1.58% |
| Ex-Dividend Date | Jun 11, 2024 |
| Payout Ratio | 10.97% |
| 1-Year Return | +3.85% |
| Volume | 16,329 |
| Open | 78.69 |
| Previous Close | 79.04 |
| Day's Range | 78.60 - 79.80 |
| 52-Week Low | 73.83 |
| 52-Week High | 86.79 |
| Beta | 1.00 |
| Holdings | 48 |
| Inception Date | Jun 24, 2008 |
About WOOD
Fund Home PageThe iShares Global Timber & Forestry ETF (WOOD) is an exchange-traded fund that is based on the S&P Global Timber and Forestry index. The fund tracks a narrow index of the 25 largest publicly listed companies from developed and emerging markets that own or manage forests and timberlands. WOOD was launched on Jun 24, 2008 and is issued by BlackRock.
Top 10 Holdings
55.41% of assets| Name | Symbol | Weight |
|---|---|---|
| Rayonier Inc. | RYN | 7.75% |
| International Paper Company | IP | 7.01% |
| Smurfit WestRock PLC | SK3.IR | 6.74% |
| Sylvamo Corporation | SLVM | 5.95% |
| PotlatchDeltic Corporation | PCH | 5.18% |
| Suzano S.A. | SUZB3 | 5.17% |
| Weyerhaeuser Company | WY | 5.01% |
| West Fraser Timber Co. Ltd. | WFG | 4.62% |
| UPM-Kymmene Oyj | UPM | 4.16% |
| Stora Enso Oyj | STERV | 3.83% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 11, 2024 | $1.258 | Jun 17, 2024 |
| Jun 7, 2023 | $1.336 | Jun 13, 2023 |
| Dec 13, 2022 | $0.101 | Dec 19, 2022 |
| Jun 9, 2022 | $1.542 | Jun 15, 2022 |
| Dec 13, 2021 | $0.275 | Dec 17, 2021 |
| Jun 10, 2021 | $0.863 | Jun 16, 2021 |
News
Lumber prices are at record lows — what that means for buyers and homebuilders
Lumber prices have come full circle in the years following the pandemic — reaching record highs in 2021, then falling to record lows as higher interest rates led to a drop in U.S. residential construc...
WOOD: Lumber Sits And Waits For A Rate Cut
Physical lumber futures remain in a narrow trading range, with prices staying under $150 in 2024. Lumber futures have experienced a consolidation period, leading to a narrower range between annual hig...
WOOD: The Pros And Cons Of A Lumber Investment
Lumber prices are influenced by interest rates and the liquidity of lumber futures.
WOOD: It's No Lumber, But It's A Good Sector
iShares Global Timber & Forestry ETF tracks the S&P Global Timber & Forestry Index, offering exposure to companies in the timber and forestry sector. Timber and forestry products have a stable market ...
WOOD: Targeted Exposure To Forestry Sector But Highly Correlated To Equity Markets
The iShares Global Timber & Forestry ETF provides targeted exposure to companies in the timber and forestry sector. Looking at the WOOD ETF's historical performance, it does not appear to have any por...
Lumber prices defy the most recent surge in mortgage rates to extend 3-day rally to 10%
Lumber prices staged a 3-day rally of 10% despite continued headwinds in the housing market. The average 30-year mortgage rate closed in on 6% this week, hitting its highest level since 2008.
WOOD: China Is Somewhat Of A Problem
WOOD includes commodity exposures in lumber, pulp, and cyclical exposures in packaging companies. Packaging companies are suffering due to pressure from faltering Chinese demand. Lumber, timber and pu...
Lumber prices jump after US housing starts unexpectedly soar more than 20% in May
Lumber prices jumped on Tuesday after US housing starts surged by the most in three decades. Housing starts soared 21.7% in May to 1.63 million units, which was well ahead of economist estimates.
The WOOD ETF Provides Exposure To Lumber Prices
Lumber prices have experienced extreme volatility in recent years due to low liquidity and macroeconomic factors. The Chicago Mercantile Exchange introduced a new physical lumber futures contract to i...
RIP, Lumber-Futures Contract That Jumped During Covid-19
The longtime barometer of wood prices and building activity is being replaced with a new lumber-futures contract in an effort to boost trading.
Lumber Futures Buffeted by Housing Market Volatility
Buffeted by housing market headwinds and tailwinds, lumber has made headlines as one of the most volatile commodities of recent years. What conditions in the broader economy have impacted lumber price...
Lumber And The WOOD ETF
Lumber prices are stable - a new contract makes lumber hedging more versatile. Lumber remains highly illiquid, increasing the chances of explosive and implosive price action.
Long-term lumber demand looks to benefit from U.S. ‘population demographics'
Lumber was one of 2022's worst commodity performers, and it has been volatile at the start of this year, but prices may gain on the back of a housing shortage.
Lumber falls 21% in 8-day losing streak, but analysts see a bottom forming for the key building commodity
"If the homebuilders' January momentum proves sustainable
Lumber soars 13% as the housing market shows signs of a rebound for the first time in a year
The National Association of Realtors said it expects the median home price to increase 0.3% this year, compared to a near-10% gain in 2022.
Lumber prices are up 14% in 2023 after tanking last year, and a lack of supply could fuel another surge ahead of key homebuilding season
A further rise in lumber prices would be a positive for producers, but not so much for consumers who are still reeling from high levels of inflation.
Lumber falls to a new 2022 low after homebuilder sentiment drops for the 12th month in a row
"NAHB is expecting weaker housing conditions to persist in 2023 and we forecast a recovery coming in 2024," economist Robert Dietz said.
Lumber prices hit new lows after massive pandemic spike
Yahoo Finance Live's Brian Sozzi breaks down the chart of the day which looks at lumber prices.
What's Driving the Fall in Lumber Prices?
Lumber prices, a vital barometer of the state of the US economy, are down 60% on the year. What's the source of the pressure on lumber prices, and what can that tell investors about the outlook for th...
What's next for lumber as it looks to be 2022's worst-performing commodity
Lumber has the dubious honor of being among the biggest commodity price decliners this year, and the outlook for the market doesn't look to improve anytime soon.
Putting The WOOD ETF On Your Investment Radar
Lumber futures are sleeping but holding the $400 per 1,000 board feet level. The new physical contract is trading at a premium to the old random-length contract.
Lumber prices have defied a cooling housing market to climb 26% in October, but surging mortgage rates will keep a lid on further upside
"At 7% interest rates I wouldn't expect lumber to do much for a while," Ashley Boeckholt of MaterialsXchange told Insider.
WOOD Is Also Running Into A Russia Problem
We called it again with the Russia risk in timber markets back in February. Russia is retaliating against sanctions by stopping the export of Russian birch.
Lumber prices drop back to pre-pandemic levels
Yahoo Finance reporter Ines Ferre looks at the price action for lumber, which is down 64% year to date.
Lumber prices have dropped by more than 60% this year, and have room to fall even further
Lumber prices have dropped by more than 60% so far this year, but don't count on a recovery soon. Higher interest rates and inflation will continue to slow demand for single-family homes.