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Sept. 25, 2020, 1:21 p.m. EDT

Timber, materials ETFs higher on paper demand

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By Andrea Riquier

Paper and packaging stocks jumped Friday, buoying exchange-traded funds that focus on timber and materials. WestRock Company /zigman2/quotes/202346656/composite WRK -1.06% gained nearly 7% midday, making it one of the biggest movers in the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.30% , with International Paper Company /zigman2/quotes/200533549/composite IP -2.03% , up 5%, and Packaging Corporation of America /zigman2/quotes/207413697/composite PKG -1.56% , up 4.1%, not far behind. The Invesco MSCI Global Timber ETF /zigman2/quotes/209227056/composite CUT -1.33% gained more than 1% midday, while the iShares Global Timber & Forestry ETF /zigman2/quotes/206737437/composite WOOD -1.49% was up 0.5%. The broad sector ETF that covers the industry, the SPDR Select Materials fund /zigman2/quotes/204467551/composite XLB -0.95% is the best performer of the 11 sector SPDRs over the past month, as investors have rotated away from pricey tech and consumer names toward stocks that are better value, and which stand to benefit from the new business cycle.

/zigman2/quotes/202346656/composite
US : U.S.: NYSE
$ 38.30
-0.41 -1.06%
Volume: 2.04M
Oct. 27, 2020 4:00p
P/E Ratio
12.80
Dividend Yield
2.09%
Market Cap
$10.05 billion
Rev. per Employee
$370,698
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/zigman2/quotes/210599714/realtime
US : S&P US
3,390.68
-10.29 -0.30%
Volume: 2.38B
Oct. 27, 2020 5:20p
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/zigman2/quotes/200533549/composite
US : U.S.: NYSE
$ 44.37
-0.92 -2.03%
Volume: 2.70M
Oct. 27, 2020 4:02p
P/E Ratio
27.65
Dividend Yield
4.62%
Market Cap
$17.80 billion
Rev. per Employee
$439,736
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/zigman2/quotes/207413697/composite
US : U.S.: NYSE
$ 113.97
-1.81 -1.56%
Volume: 616,008
Oct. 27, 2020 4:04p
P/E Ratio
22.91
Dividend Yield
2.77%
Market Cap
$10.98 billion
Rev. per Employee
$467,640
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/zigman2/quotes/209227056/composite
US : U.S.: NYSE Arca
$ 28.38
-0.38 -1.33%
Volume: 18,303
Oct. 27, 2020 3:49p
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/zigman2/quotes/206737437/composite
US : U.S.: Nasdaq
$ 64.83
-0.98 -1.49%
Volume: 18,474
Oct. 27, 2020 4:00p
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/zigman2/quotes/204467551/composite
US : U.S.: NYSE Arca
$ 63.74
-0.61 -0.95%
Volume: 4.66M
Oct. 27, 2020 4:00p
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