Northwestern Mutual Wealth Management Co. Buys 52,386 Shares of Invesco MSCI Global Timber ETF $CUT

Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco MSCI Global Timber ETF (NYSEARCA:CUT) by 23,282.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 52,611 shares of the company’s stock after purchasing an additional 52,386 shares during the period. Northwestern Mutual Wealth Management Co. owned about 4.21% of Invesco MSCI Global Timber ETF worth $1,529,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC purchased a new position in Invesco MSCI Global Timber ETF in the fourth quarter worth $35,000. Raymond James Financial Inc. bought a new position in Invesco MSCI Global Timber ETF during the second quarter valued at $80,000. Journey Strategic Wealth LLC bought a new position in Invesco MSCI Global Timber ETF during the third quarter valued at $208,000. Jane Street Group LLC lifted its position in shares of Invesco MSCI Global Timber ETF by 27.5% during the second quarter. Jane Street Group LLC now owns 13,924 shares of the company’s stock worth $419,000 after acquiring an additional 3,001 shares in the last quarter. Finally, Cardiff Park Advisors LLC purchased a new stake in shares of Invesco MSCI Global Timber ETF during the third quarter worth $527,000.

Invesco MSCI Global Timber ETF Price Performance

NYSEARCA:CUT opened at $27.64 on Thursday. Invesco MSCI Global Timber ETF has a 1 year low of $26.30 and a 1 year high of $32.95. The company has a market cap of $30.40 million, a P/E ratio of 17.08 and a beta of 0.76. The stock’s fifty day moving average price is $28.04 and its two-hundred day moving average price is $29.18.

About Invesco MSCI Global Timber ETF

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.