Purpose US Cash Fund ETF (TSE:PSU.U) Sets New 52-Week Low – What’s Next?

Purpose US Cash Fund ETF (TSE:PSU.U)’s share price reached a new 52-week low during mid-day trading on Monday. The stock traded as low as C$100.00 and last traded at C$100.00, with a volume of 19181 shares. The stock had previously closed at C$100.31.

Purpose US Cash Fund ETF Trading Down 0.3%

The business’s 50 day simple moving average is C$100.17 and its 200 day simple moving average is C$100.16.

Purpose US Cash Fund ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, October 2nd will be given a dividend of $0.3104 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Monday, September 28th. This is a positive change from Purpose US Cash Fund ETF’s previous monthly dividend of $0.2811.

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.