Jane Street Group LLC Lowers Stake in Invesco MSCI Global Timber ETF (NYSEARCA:CUT)

Jane Street Group LLC decreased its holdings in Invesco MSCI Global Timber ETF (NYSEARCA:CUT) by 68.4% in the third quarter, Holdings Channel.com reports. The firm owned 10,981 shares of the company’s stock after selling 23,802 shares during the period. Jane Street Group LLC’s holdings in Invesco MSCI Global Timber ETF were worth $393,000 at the end of the most recent quarter.

Separately, Valmark Advisers Inc. increased its position in Invesco MSCI Global Timber ETF by 0.7% during the 3rd quarter. Valmark Advisers Inc. now owns 205,337 shares of the company’s stock valued at $7,344,000 after purchasing an additional 1,358 shares during the period.

Invesco MSCI Global Timber ETF Stock Performance

CUT stock opened at $31.71 on Wednesday. The company has a market capitalization of $50.74 million, a price-to-earnings ratio of 10.33 and a beta of 0.82. The business’s 50 day moving average price is $33.59 and its two-hundred day moving average price is $33.77. Invesco MSCI Global Timber ETF has a fifty-two week low of $29.51 and a fifty-two week high of $35.86.

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.