Envestnet Asset Management Inc. purchased a new position in Invesco MSCI Global Timber ETF (NYSEARCA:CUT) in the second quarter, HoldingsChannel reports. The firm purchased 112,701 shares of the company’s stock, valued at approximately $3,656,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Valmark Advisers Inc. purchased a new stake in Invesco MSCI Global Timber ETF in the second quarter worth about $62,850,000. Oppenheimer Asset Management Inc. purchased a new stake in Invesco MSCI Global Timber ETF in the second quarter worth about $15,786,000. Brookstone Capital Management purchased a new stake in Invesco MSCI Global Timber ETF in the second quarter worth about $7,332,000. Citadel Advisors LLC purchased a new stake in Invesco MSCI Global Timber ETF in the second quarter worth about $1,471,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in Invesco MSCI Global Timber ETF in the second quarter worth about $833,000.

Shares of CUT opened at $32.44 on Wednesday. Invesco MSCI Global Timber ETF has a 52 week low of $29.68 and a 52 week high of $34.70.

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.

Further Reading: Short Selling

Want to see what other hedge funds are holding CUT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco MSCI Global Timber ETF (NYSEARCA:CUT).

Institutional Ownership by Quarter for Invesco MSCI Global Timber ETF (NYSEARCA:CUT)

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