McGrath & Associates Inc. Buys New Position in Invesco MSCI Global Timber ETF (NYSEARCA:CUT)

McGrath & Associates Inc. acquired a new stake in Invesco MSCI Global Timber ETF (NYSEARCA:CUT) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 20,581 shares of the company’s stock, valued at approximately $652,000. Invesco MSCI Global Timber ETF accounts for 1.3% of McGrath & Associates Inc.’s portfolio, making the stock its 25th largest position.

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

Invesco MSCI Global Timber ETF Trading Down 0.7 %

CUT opened at $32.40 on Thursday. Invesco MSCI Global Timber ETF has a 12-month low of $31.00 and a 12-month high of $35.86. The firm has a market capitalization of $51.84 million, a PE ratio of 10.33 and a beta of 0.82. The firm has a 50 day moving average of $32.38 and a two-hundred day moving average of $33.63.

Invesco MSCI Global Timber ETF Company 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.