International Assets Investment Management LLC Invests $128,000 in Invesco MSCI Global Timber ETF (NYSEARCA:CUT)

International Assets Investment Management LLC purchased a new stake in shares of Invesco MSCI Global Timber ETF (NYSEARCA:CUT) in the 4th quarter, Holdings Channel reports. The fund purchased 4,104 shares of the company’s stock, valued at approximately $128,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CUT. Willis Johnson & Associates Inc. bought a new stake in shares of Invesco MSCI Global Timber ETF during the fourth quarter worth $328,000. FAS Wealth Partners Inc. lifted its position in Invesco MSCI Global Timber ETF by 2.4% during the 4th quarter. FAS Wealth Partners Inc. now owns 15,754 shares of the company’s stock worth $505,000 after buying an additional 373 shares in the last quarter. Finally, Oarsman Capital Inc. grew its holdings in Invesco MSCI Global Timber ETF by 5.3% during the 3rd quarter. Oarsman Capital Inc. now owns 8,010 shares of the company’s stock worth $241,000 after acquiring an additional 400 shares during the last quarter.

Invesco MSCI Global Timber ETF Trading Up 0.9 %

Shares of NYSEARCA CUT opened at $32.47 on Tuesday. Invesco MSCI Global Timber ETF has a 1-year low of $28.09 and a 1-year high of $34.20. The company has a 50-day moving average of $32.56 and a two-hundred day moving average of $31.40. The company has a market cap of $58.45 million, a PE ratio of 9.92 and a beta of 1.02.

About Invesco MSCI Global Timber ETF

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.