Valmark Advisers Inc. Acquires 1,358 Shares of Invesco MSCI Global Timber ETF (NYSEARCA:CUT)

Valmark Advisers Inc. increased its stake in Invesco MSCI Global Timber ETF (NYSEARCA:CUT) by 0.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 205,337 shares of the company’s stock after buying an additional 1,358 shares during the period. Valmark Advisers Inc. owned 12.83% of Invesco MSCI Global Timber ETF worth $7,344,000 at the end of the most recent reporting period.

Separately, Lynx Investment Advisory bought a new stake in shares of Invesco MSCI Global Timber ETF during the second quarter valued at approximately $64,000.

Invesco MSCI Global Timber ETF Stock Down 2.2 %

Shares of NYSEARCA:CUT traded down $0.76 during midday trading on Tuesday, reaching $33.67. The company’s stock had a trading volume of 4,241 shares, compared to its average volume of 5,103. Invesco MSCI Global Timber ETF has a 12-month low of $28.77 and a 12-month high of $35.86. The firm has a market capitalization of $53.87 million, a P/E ratio of 10.33 and a beta of 0.82. The firm has a 50 day moving average of $34.53 and a 200-day moving average of $33.63.

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.