Susquehanna International Group LLP Has $1.56 Million Stake in Invesco MSCI Global Timber ETF (NYSEARCA:CUT)

Susquehanna International Group LLP raised its position in shares of Invesco MSCI Global Timber ETF (NYSEARCA:CUT) by 68.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 49,161 shares of the company’s stock after acquiring an additional 19,960 shares during the period. Susquehanna International Group LLP’s holdings in Invesco MSCI Global Timber ETF were worth $1,557,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Valmark Advisers Inc. grew its stake in shares of Invesco MSCI Global Timber ETF by 4.6% during the fourth quarter. Valmark Advisers Inc. now owns 214,794 shares of the company’s stock valued at $6,802,000 after purchasing an additional 9,457 shares during the last quarter. McGrath & Associates Inc. bought a new stake in shares of Invesco MSCI Global Timber ETF during the fourth quarter valued at approximately $652,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of Invesco MSCI Global Timber ETF during the fourth quarter valued at approximately $112,000.

Invesco MSCI Global Timber ETF Price Performance

CUT opened at $30.65 on Tuesday. Invesco MSCI Global Timber ETF has a one year low of $27.12 and a one year high of $35.86. The company’s 50 day simple moving average is $30.12 and its 200-day simple moving average is $32.06. The stock has a market capitalization of $47.51 million, a P/E ratio of 17.82 and a beta of 0.92.

Invesco MSCI Global Timber ETF Profile

Guggenheim Timber ETF (the Fund), formerly Claymore/Beacon Global Timber Index ETF, seeks investment results that correspond to the performance of an equity index called the Beacon Global Timber Index (the Index). All stocks in the Index are selected from the universe of global timber companies. Beacon Indexes LLC (Beacon or the Index Provider) defines global timber companies as firms who own or lease forested land and harvest the timber from such forested land for commercial use and sale of wood-based products, including lumber, pulp or other processed or finished goods, such as paper and packaging.