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

Northwestern Mutual Wealth Management Co. grew its holdings in shares of Invesco MSCI Global Timber ETF (NYSEARCA:CUT) by 23,282.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 52,611 shares of the company’s stock after purchasing an additional 52,386 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Invesco MSCI Global Timber ETF were worth $1,529,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in CUT. Raymond James Financial Inc. purchased a new position in shares of Invesco MSCI Global Timber ETF during the second quarter valued at approximately $80,000. Jane Street Group LLC lifted its holdings 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 valued at $419,000 after purchasing an additional 3,001 shares during the last quarter. Journey Strategic Wealth LLC purchased a new position in shares of Invesco MSCI Global Timber ETF during the third quarter valued at approximately $208,000. Cardiff Park Advisors LLC purchased a new position in shares of Invesco MSCI Global Timber ETF during the third quarter valued at approximately $527,000. Finally, Susquehanna International Group LLP lifted its holdings in shares of Invesco MSCI Global Timber ETF by 2.2% during the third quarter. Susquehanna International Group LLP now owns 61,330 shares of the company’s stock valued at $1,813,000 after purchasing an additional 1,293 shares during the last quarter.

Invesco MSCI Global Timber ETF Stock Performance

CUT stock opened at $27.64 on Thursday. The firm has a 50 day moving average price of $28.04 and a 200-day moving average price of $29.18. Invesco MSCI Global Timber ETF has a 52-week low of $26.30 and a 52-week high of $32.95. The firm has a market capitalization of $30.40 million, a price-to-earnings ratio of 17.08 and a beta of 0.76.

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.