Invesco MSCI Global Timber ETF (CUT)
| Assets | $89.65M |
| NAV | $35.86 |
| Expense Ratio | 0.61% |
| PE Ratio | 13.50 |
| Shares Out | 2.50M |
| Dividend (ttm) | $0.58 |
| Dividend Yield | 1.62% |
| Ex-Dividend Date | Dec 20, 2021 |
| 1-Year Return | +3.84% |
| Volume | 6,626 |
| Open | 35.50 |
| Previous Close | 36.54 |
| Day's Range | 35.80 - 36.21 |
| 52-Week Low | 32.98 |
| 52-Week High | 32.98 |
| Beta | 1.06 |
| Holdings | 88 |
| Inception Date | Nov 9, 2007 |
About CUT
The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index, as well as American depositary receipts (ADRs) and global depositary receipts (GDRs) that represent securities in the underlying index. The underlying index is comprised of equity securities of companies that are primarily engaged in the ownership and management of forests and timberlands and the production of finished products that use timber as a raw material. The fund is non-diversified.
Top 10 Holdings
47.75% of assets| Name | Symbol | Weight |
|---|---|---|
| UPM-Kymmene Oyj | UPM.HE | 5.40% |
| Weyerhaeuser Company | WY | 5.14% |
| Amcor | AMCR | 5.10% |
| International Paper Company | IP | 5.00% |
| Packaging Corporation of America | PKG | 4.76% |
| Smurfit Kappa Group PLC | SK3.IR | 4.74% |
| Avery Dennison | AVY | 4.69% |
| Mondi PLC | MNDI.L | 4.52% |
| WestRock Company | WRK | 4.36% |
| Stora Enso Oyj | STERV.HE | 4.04% |
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 |
| Dec 26, 2017 | $0.4991 | Dec 29, 2017 |
| Dec 23, 2016 | $0.5152 | Dec 30, 2016 |
News
Rebounding Lumber Prices Help Lift Timber Sector ETFs
Timber sector-related exchange traded funds are gaining momentum as lumber prices rebound on wet weather conditions affecting supply and a cardboard box boom adding to demand. During the past month, the...
Lumber prices are 'looking like a repeat of 2021' as housing demand remains red-hot and supply chain disruptions persist
"Being told factories are still not operating at capacity and tariffs aren't allowing solid competition to provide relief," one home builder said.
Lumber prices are at a 7-month high and are set to stay elevated on the back of 3 key trends, an expert says
Lumber futures rose for the fourth-straight session on Friday to their highest level since June 2021.
Commodities Corner: Here's what's in store for the lumber market after a whirlwind 2021
Lumber saw a whirlwind of action last year, with a rally to an all-time high in prices followed by a slump to one-year lows, and a recovery that led to the commodity's strongest quarterly performance on...
Why Lumber Won't Boom In 2022
Inflation and rising costs of borrowing will likely put the breaks on the housing market.
Lumber prices have new growth spurt
Lumber prices have shot up again in a rise reminiscent of a year ago, when high-climbing wood prices warned of the hinky supply lines and broad inflation to come.
Lumber prices have spiked 95% in 5 weeks as supply issues arise following Canadian floods while demand stays strong
British Columbia last month struggled with heavy rainfall that resulted in delays in exporting lumber.
Lumber continues its wild ride with no end in sight: Sherwood Lumber COO
Kyle Little, chief operating officer with Sherwood Lumber, joins 'The Exchange' to discuss the growing demand for lumber. Sign up and learn more about the CNBC Investing Club with Jim Cramer https://cnb...
Lumber prices spike above $1,000 for the first time since mid-June as hot housing market drives renewed demand
The commodity is 41% below its record high, while its up 127% from its recent low, highlighting its extreme volatility over the past few months.
Lumber is not going back to pre-pandemic levels and will continue to rise next year, according to an investing chief
The trend line for lumber prices will see a sustained 5% increase, folding in transportation and labor costs, Mace McCain of Frost Investment said.
Lumber's pandemic rally has spilled over into fake alternatives, sending shares of faux-wood companies soaring
Trex and Azek are both producers of fake-wood decks, and saw their stock prices and sales boom during the pandemic amid high lumber prices, according to CNBC.
Timber Sector ETFs Could Enjoy a Seasonal Boost Ahead
The lumber industry and sector-related exchange traded funds may have faltered as lumber prices plunged, but the woodcutters may enjoy a seasonal rebound with homebuilders picking up the pace toward the...
2 reasons why lumber prices will tumble another 28% from 13-month lows, according to one analyst
Naeem Aslam, chief market analyst at AvaTrade, said Fed tightening and China releasing stockpiles could weigh on the price of lumber.
Lumber prices have tumbled 70% in the last 14 weeks following a blistering rally as record-setting demand slows
Even if lumber prices normalize around $500, that's still well above the pre-pandemic average.
Lumber prices fall after previous supply crunch
Kyle Little, chief operating officer of Sherwood Lumber, joins The Exchange to discuss the current state of the lumber shortage. The supply is rebounding after pandemic lows, he says.
Why this year's epic surge in lumber sent cheese prices to a 15-month low
There's now a glut of processed cheese swamping the market, sending prices as low as $1.31 per pound for a 500-pound barrel - the lowest since 2020.
Why lumber prices have already bottomed, but will see upside capped at 15% over the next 2 years, according to an inv...
"We're out of the panic buying. We're out of the massive industry shortages. We're out of the extremes," said Mace McCain of Frost Investment Advisors.
Lumber prices have already bottomed - and 3 forces will drive them higher going forward, one investment head says
Ed Egilinsky of Direxion pointed to the tightening labor market, the raging wildfires, and the emerging delta variant as possible factors that will push lumber prices higher.
Lumber prices look cheap after 65% plunge given Americans still want new houses, says Aberdeen Standard strategist
Lumber prices should be supported by the fact that the ongoing working-from-home trend is still encouraging people to move house, Robert Minter said.
3 reasons why lumber prices could stage a late summer rally, according to Bank of America
"A better-than-expected demand outlook would prompt an inventory rebuild and could spark a large move in pricing," BofA said.
Lumber prices spike as wildfires cause producers to cut output, citing 'significant' supply chain challenges
Lumber futures have jumped in recent days on mounting concerns that wildfires in Canada and the Western US will snarl production and supply chains.
3 factors will keep lumber prices elevated despite a multi-week decline, an economist says
As the price of lumber stabilizes, more volatility lies ahead, and three factors will keep the red-hot commodity in high demand.
Commodities Corner: Why now might be the best time to buy lumber
After more than doubling in price last year, lumber futures have dropped to their lowest level of 2021, on track to suffer a third-straight monthly decline—potentially offering a “small window” for buye...
Lumber's quick cooldown could be just the beginning for commodity market, according to one chart
Lumber's massive turnaround this year is just the start of a cyclical downturn for commodities. Lakshman Achuthan of Economic Cycle Research Institute explains.
Lumber prices continue to fall, and are headed to as low as $350 by August, an analyst says
By end of August and into September, the price of lumber could settle in a range between $350-$450 per thousand board feet, an analyst told Insider.