Purpose US Cash Fund ETF (TSE:PSU.U) Sets New 1-Year Low – Here’s What Happened

Shares of Purpose US Cash Fund ETF (TSE:PSU.U) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as C$100.00 and last traded at C$100.00, with a volume of 8813 shares changing hands. The stock had previously closed at C$100.27.

Purpose US Cash Fund ETF Price Performance

The firm has a 50 day moving average price of C$100.17 and a 200-day moving average price of C$100.16.

Purpose US Cash Fund ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, September 2nd will be issued a $0.2811 dividend. The ex-dividend date of this dividend is Thursday, August 27th. This represents a c) annualized dividend and a yield of 3.4%.

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.