Invesco MSCI Global Timber ETF (CUT)
| Assets | $65.64M |
| NAV | $32.02 |
| Expense Ratio | 0.60% |
| PE Ratio | 9.86 |
| Shares Out | 2.05M |
| Dividend (ttm) | $0.58 |
| Dividend Yield | 1.83% |
| Ex-Dividend Date | Dec 20, 2021 |
| 1-Year Return | -12.92% |
| Volume | 234 |
| Open | 31.82 |
| Previous Close | 32.01 |
| Day's Range | 31.82 - 31.82 |
| 52-Week Low | 26.89 |
| 52-Week High | 38.07 |
| Beta | 1.00 |
| Holdings | 88 |
| Inception Date | Nov 9, 2007 |
About CUT
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 managed by Invesco.
Top 10 Holdings
46.19% of assets| Name | Symbol | Weight |
|---|---|---|
| UPM-Kymmene Oyj | UPM.HE | 5.54% |
| Avery Dennison Corporation | AVY | 5.18% |
| Amcor PLC | AMCR | 5.06% |
| Packaging Corporation of America | PKG | 4.85% |
| Weyerhaeuser Company | WY | 4.60% |
| WestRock Company | WRK | 4.44% |
| International Paper Company | IP | 4.39% |
| Mondi PLC | MNDI.L | 4.23% |
| Smurfit Kappa Group PLC | SK3.IR | 4.17% |
| Svenska Cellulosa AB Class B | SCA B.ST | 3.74% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| 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 |
News
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 the...
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 defy the most recent surge in mortgage rates to extend 3-day rally to 10%
"If interest rates get to 6.5% the waters will get very choppy," a Tampa home builder told John Burns Real Estate Consulting in its August survey.
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 fur...
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 fur...
How Much Will Lumber Prices Go Down in 2022?
After reaching record levels, lumber prices have dropped sharply. The decline may indicate the economy will weaken a great deal.
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 Drop After Early Pandemic Boom
After rising during the first year of the pandemic, lumber prices have fallen dramatically. The Wall Street Journal is reporting that lumber futures for July delivery ended Friday at $695.10 per thousan...