Invesco MSCI Global Timber ETF (CUT)
| Assets | $42.63M |
| Expense Ratio | 0.74% |
| PE Ratio | 17.45 |
| Shares Out | 1.45M |
| Dividend (ttm) | $0.97 |
| Dividend Yield | 3.30% |
| Ex-Dividend Date | Dec 23, 2024 |
| Payout Frequency | Annual |
| Payout Ratio | 57.39% |
| Volume | 780 |
| Open | 29.34 |
| Previous Close | 29.35 |
| Day's Range | 29.34 - 29.34 |
| 52-Week Low | 27.12 |
| 52-Week High | 35.14 |
| Beta | 0.91 |
| Holdings | 69 |
| Inception Date | Nov 9, 2007 |
About CUT
Fund Home PageThe Invesco MSCI Global Timber ETF (CUT) is an exchange-traded fund that is based on the MSCI ACWI IMI Timber Select Capped index. The fund tracks a market cap-weighted index of global timber companies across the entire market-cap spectrum. CUT was launched on Nov 9, 2007 and is issued by Invesco.
Top 10 Holdings
49.99% of assets| Name | Symbol | Weight |
|---|---|---|
| Packaging Corporation of America | PKG | 5.47% |
| Svenska Cellulosa Aktiebolaget SCA (publ) | SCA.B | 5.43% |
| International Paper Company | IP | 5.37% |
| Avery Dennison Corporation | AVY | 5.36% |
| Smurfit Westrock Plc | SW | 5.17% |
| UPM-Kymmene Oyj | UPM | 5.16% |
| Amcor plc | AMCR | 4.87% |
| Weyerhaeuser Company | WY | 4.77% |
| Stora Enso Oyj | STERV | 4.30% |
| Suzano S.A. | SUZB3 | 4.11% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 23, 2024 | $0.96683 | Dec 27, 2024 |
| Dec 18, 2023 | $0.78235 | Dec 22, 2023 |
| Dec 19, 2022 | $0.78033 | Dec 23, 2022 |
| Dec 20, 2021 | $0.5816 | Dec 31, 2021 |
| Dec 21, 2020 | $0.55333 | Dec 31, 2020 |
| Dec 23, 2019 | $0.77097 | Dec 31, 2019 |
Performance
CUT had a total return of -11.72% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.97%.
News
Trump unveils 10% tariff on wood, delays 25% duties on kitchen cabinets, furniture
He warned that tariffs on upholstered furniture, kitchen cabinets and bathroom vanities will jump on Jan. 1, 2026, unless foreign nations are able to reach trade agreements.
Trump Orders Tariffs on Timber, Lumber, Kitchen Cabinets
US President Donald Trump ordered 10% tariffs on imports of softwood timber and lumber, as well as 25% levies on kitchen cabinets, vanities and upholstered wood products. The tariffs are set to apply ...
Trump Officials Flesh Out Tariffs on Kitchen Cabinets, Furniture and Timber
The White House set a relatively low tariff on imports of timber and lumber, and a significantly higher tariff on furniture and kitchen cabinets.
Timber ETFs: WOOD's Growth Potential Vs. CUT's Defensive Position
Both WOOD and CUT are rated hold as current valuations and risks outweigh the limited upside despite long-term timber demand from sustainability and urbanization trends.
Fight over lumber tariffs could reshape future of US home building
Lumber is in the spotlight as the National Association of Home Builders and the U.S. Lumber Coalition disagree about what's behind the U.S. housing market experiencing a slump.
Homebuilder association asks Trump to exempt building materials from tariffs
CNBC's Diana Olick reports on how tariffs could be impacting the housing market.
Market Navigator: Trading lumber
Kyle Little, Sherwood lumber chief operating officer, joins 'Power Lunch' to discuss how to trade lumber.
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...
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.
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.
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...
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.
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.
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.
Lumber Prices Plunge as Higher Rates Hit Home Buyers
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.
Lumber prices fall to a new 2022 low as housing market cools and mortgage rates approach 7%
Homebuilders like Lennar and KB Home are walking away from 19,000 residential land deals due to the soured outlook in the housing market.
Lumber falls after mortgage rates solidify their move above 6% amid hawkish Fed rate hikes
"The lumber market continues to be in a state of overall malaise as buyers anticipate lower overall demand going forward," Sherwood Lumber told Insider.
Which Industries Are Impacted The Most By Lumber Prices?
The price of lumber skyrocketed in 2021 when folks spent more money on DIY home improvement projects, unable to travel and dine out. Now that the cost of lumber has decreased somewhat, let's look at t...
Lumber prices jump on a surprise rebound in new home construction last month
Housing starts jumped 12.2% last month to an annual rate of 1.575 million units, the Commerce Department said Tuesday.
Lumber prices fall as US mortgage rates top 6% for the first time in 14 years
Lumber prices fell 6% on Wednesday after rallying earlier in the week amid fears that a possible rail strike could disrupt supplies.
Lumber prices decline to a new 2022 low as Goldman warns housing market has further room to fall
While Goldman Sachs expects housing to slowdown, it doesn't mean a deep recession will follow as it did during the last housing bust in 2007.
Lumber extends 2-day rally to 18% as the real estate market shows signs of sticking a soft landing, research firm says
"Even with a shrinking GDP, the American homeowner is in great shape. There is no panic selling," Altos Research CEO Mike Simonsen said.
Lumber prices fall to a new low this year as reality sets in that the housing market is 'going back to normal'
"The last couple years are just going to be an outlier as far as [home] pricing goes," LGI Homes CEO Eric Lipar said.
Lumber prices fall 7% as new-home sales plunge to a 2-year low - and one economist sees further downside ahead
"As workers change jobs and adjust to the hybrid working environment, housing will likely weaken further in areas with high cost of living," LPL said.
Lumber prices waver as mortgage rates cool but builder confidence craters to lowest level since start of the pandemic
"Sales have fallen off a cliff. We're selling one-third of what we sold in March and April," a homebuilder in Austin said.
Lumber Prices Take a Big Chop as Housing Slows
The lumber market has taken some big hits from rising inflation and a slowdown in the housing market, with lumber prices down more than 40% in the first six months of the year. They could fall still f...
Lumber plays ‘canary in the coal mine', cues downturn in commodities
The lumber market has taken some big hits from rising inflation and a slowdown in the housing market, with lumber prices down more than 40% in the first six months of the year. They could fall still f...
Lumber prices surge 7% as mortgage rates fall for the first time in 4 weeks
Lumber prices are still down 63% from their May 2021 high of $1,733 per thousand board feet, and are down 43% year-to-date.
Lumber prices fall as mortgage rates hit fresh 13-year high to edge closer to 6%
"Fixed mortgage rates have increased by more than two full percentage points since the beginning of the year," Freddie Mac's chief economist said.
Lumber prices hover near recent lows as new home construction sinks and mortgage rates jump to highest since 2008
The average 30-year fixed-rate mortgage climbed 25 basis points to 5.65% for the week ended June 10, the highest level since late 2008.
Lumber is going to trade at a higher range, says Sherwood Lumber's Kyle Little
Kyle Little, Sherwood Lumber COO, joins 'The Exchange' to discuss the housing slowdown's impact on the lumber market.
Lumber prices just hit their lowest point in 9 months as mortgage demand sinks to levels not seen in 2 decades
"Some parts of town where finished homes are now taking a month to sell versus hours. Market is definitely correcting," a home builder in Texas said.
Lumber prices see no relief and continue to drop as Fed rate hikes put pressure on the housing market
Fed Vice Chair Lael Brainard told CNBC it's "very hard to see the case" to pause its interest rate hikes until inflation is tamed.
Lumber prices plunge 12% to new 2022 lows as wood inventories start to pile up
"Similar to other locations, lumber remained weak," JPMorgan said in a recent channel check of home improvement stores like Home Depot and Lowes.
Lumber prices fall as the Fed battles inflation
Yahoo Finance Live anchors Brian Cheung and Akiko Fujita break down the chart of the day.
Lumber prices fall to new 2022 low as April existing home sales hit lowest level since the start of the pandemic
"It looks like more [home sales] declines are imminent in the upcoming months, and we'll likely return to the pre-pandemic home sales activity."
Lumber prices fall to their lowest level in 2022 as the highest mortgage rates in 13 years dent housing demand
"Many first-time buyers simply no longer qualify with the increase in interest rates, as their debt-to-income ratio gets out of whack," one homebuilder said.