Purpose US Cash Fund ETF (TSE:PSU.U) Sets New 52-Week Low – Should You Sell?

Purpose US Cash Fund ETF (TSE:PSU.U)’s stock price reached a new 52-week low on Wednesday . The company traded as low as C$100.00 and last traded at C$100.01, with a volume of 23307 shares trading hands. The stock had previously closed at C$100.31.

Purpose US Cash Fund ETF Price Performance

The company’s 50-day moving average is C$100.17 and its 200 day moving average is C$100.15.

Purpose US Cash Fund ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, August 5th. Shareholders of record on Wednesday, August 5th will be paid a dividend of $0.3207 per share. This is a boost from Purpose US Cash Fund ETF’s previous monthly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, July 29th. This represents a c) annualized dividend and a yield of 3.8%.

Purpose US Cash Fund ETF Company Profile

This section outlines the investment objectives of each fund and the type of securities in which the fund may invest to achieve those investment objectives. A funds investment objectives may include capital preservation generating income capital growth or a combination of the three. Some mutual funds focus on diversification across asset classes while others take a focused investment theme investing in a particular country or sector as their objective. The fund invests primarily in high interest deposit accounts and highquality money market securities denominated in US dollars and generally with term to maturity not exceeding one year.