McGrath & Associates Inc. Invests $652,000 in Invesco MSCI Global Timber ETF (NYSEARCA:CUT)

McGrath & Associates Inc. bought a new position in shares of Invesco MSCI Global Timber ETF (NYSEARCA:CUT) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 20,581 shares of the company’s stock, valued at approximately $652,000. Invesco MSCI Global Timber ETF accounts for approximately 1.3% of McGrath & Associates Inc.’s portfolio, making the stock its 25th biggest holding. McGrath & Associates Inc. owned approximately 1.29% of Invesco MSCI Global Timber ETF at the end of the most recent reporting period.

Separately, Valmark Advisers Inc. raised its position in shares of Invesco MSCI Global Timber ETF by 4.6% in the 4th quarter. Valmark Advisers Inc. now owns 214,794 shares of the company’s stock worth $6,802,000 after acquiring an additional 9,457 shares in the last quarter.

Invesco MSCI Global Timber ETF Trading Down 0.7 %

CUT opened at $32.40 on Thursday. The firm has a market cap of $51.84 million, a price-to-earnings ratio of 10.33 and a beta of 0.82. Invesco MSCI Global Timber ETF has a 12 month low of $31.00 and a 12 month high of $35.86. The stock has a fifty day moving average price of $32.38 and a 200-day moving average price of $33.63.

Invesco MSCI Global Timber ETF Profile

Guggenheim Timber ETF (the Fund), formerly Claymore/Beacon Global Timber Index ETF, seeks investment results that correspond to the performance of an equity index called the Beacon Global Timber Index (the Index). All stocks in the Index are selected from the universe of global timber companies. Beacon Indexes LLC (Beacon or the Index Provider) defines global timber companies as firms who own or lease forested land and harvest the timber from such forested land for commercial use and sale of wood-based products, including lumber, pulp or other processed or finished goods, such as paper and packaging.