Invesco MSCI Global Timber ETF (CUT)

NYSEARCA: CUT · IEX Real-Time Price · USD
32.12
+0.20 (0.64%)
Apr 19, 2024, 3:06 PM EDT - Market open
0.64%
Assets $50.85M
Expense Ratio 0.67%
PE Ratio 10.00
Shares Out 1.80M
Dividend (ttm) $0.78
Dividend Yield 2.44%
Ex-Dividend Date Dec 18, 2023
Payout Ratio 24.32%
1-Year Return +5.64%
Volume 4,061
Open 32.04
Previous Close 31.91
Day's Range 31.93 - 32.19
52-Week Low 28.09
52-Week High 34.20
Beta 0.84
Holdings 78
Inception Date Nov 9, 2007

About CUT

Fund Home Page

The 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.

Asset Class Equity
Category Natural Resources
Region Global
Stock Exchange NYSEARCA
Ticker Symbol CUT
ETF Provider Invesco
Index Tracked MSCI ACWI IMI Timber Select Capped Index

Top 10 Holdings

48.42% of assets
Name Symbol Weight
WestRock Company WRK 5.33%
Packaging Corporation of America PKG 5.23%
UPM-Kymmene Oyj UPM.HE 5.22%
Smurfit Kappa Group PLC SK3.IR 5.12%
Avery Dennison Corporation AVY 4.92%
International Paper Company IP 4.82%
Amcor plc AMCR 4.79%
Weyerhaeuser Company WY 4.65%
Suzano SA SUZB3.SA 4.37%
Svenska Cellulosa AB Class B SCA B.ST 3.98%
View More Holdings

Dividends

Ex-Dividend Amount Pay Date
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
Dec 24, 2018 $0.8246 Dec 31, 2018
Full Dividend History

News

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.

Other symbols: NAILWOOD
8 months ago - Business Insider

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.

Other symbols: NAILWOOD
10 months ago - Business Insider

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.

Other symbols: NAILWOOD
1 year ago - WSJ

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...

Other symbols: NAILWOOD
1 year ago - Bloomberg Markets and Finance

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.

Other symbols: NAILWOOD
1 year ago - Market Watch

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

Other symbols: NAILWOOD
1 year ago - Business Insider

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.

Other symbols: NAILWOOD
1 year ago - Business Insider

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.

Other symbols: NAILWOOD
1 year ago - Business Insider

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.

Other symbols: NAILWOOD
1 year ago - Business Insider

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.

Other symbols: NAILWOOD
1 year ago - Yahoo Finance

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...

Other symbols: NAILWOOD
1 year ago - Bloomberg Markets and Finance

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.

Other symbols: NAILWOOD
1 year ago - Market Watch

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.

Other symbols: NAILWOOD
1 year ago - Business 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.

Other symbols: NAILWOOD
1 year ago - Yahoo Finance

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.

Other symbols: NAILWOOD
1 year ago - Market Watch

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.

Other symbols: NAILWOOD
1 year ago - Market Watch

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.

Other symbols: NAILWOOD
1 year ago - Business Insider

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.

Other symbols: NAILWOOD
1 year ago - Business 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...

Other symbols: NAILWOOD
1 year ago - Forbes

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.

Other symbols: NAILWOOD
1 year ago - Business Insider

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.

Other symbols: NAILWOOD
1 year ago - Business Insider

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.

Other symbols: NAILWOOD
1 year ago - Business Insider

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.

Other symbols: NAILWOOD
1 year ago - Business Insider

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.

Other symbols: NAILWOOD
1 year ago - Business Insider

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.

Other symbols: NAILWOOD
1 year ago - Business Insider