Invesco MSCI Global Timber ETF (CUT)

NYSEARCA: CUT · IEX Real-Time Price · USD
31.82
-0.19 (-0.59%)
At close: Nov 25, 2022 10:31 AM
31.97
+0.15 (0.47%)
After-hours: Nov 25, 2022 5:00 PM EST
-0.59%
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.

Asset Class Equity
Sector Natural Resources
Region Global
Stock Exchange NYSEARCA
Ticker Symbol CUT
Issuer Website Invesco
Index Tracked MSCI ACWI IMI Timber Select Capped

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%
View More Holdings

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
Full Dividend History

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.

Other symbols: NAILWOOD
1 month 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
2 months 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
2 months 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
2 months 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
2 months 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
2 months 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 the...

Other symbols: NAILWOOD
2 months 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
2 months 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
2 months ago - Business Insider

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.

Other symbols: NAILWOOD
2 months 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
3 months 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
3 months 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
4 months 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
4 months ago - Business Insider

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.

Other symbols: NAILWOOD
4 months ago - Business Insider

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...

Other symbols: NAILWOOD
4 months ago - Market Watch

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...

Other symbols: NAILWOOD
4 months ago - Market Watch

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.

Other symbols: NAILWOOD
4 months ago - InvestorPlace

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.

Other symbols: NAILWOOD
5 months ago - Business Insider

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.

Other symbols: NAILWOOD
5 months ago - Business Insider

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.

Other symbols: NAILWOOD
5 months ago - Business Insider

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.

Other symbols: NAILWOOD
6 months ago - CNBC Television

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.

Other symbols: NAILWOOD
6 months ago - Business Insider

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.

Other symbols: NAILWOOD
6 months ago - Business Insider

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...

6 months ago - ETF Trends