Purpose US Cash Fund ETF (TSE:PSU.U) Sets New 12-Month Low – What’s Next?

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$100.00, with a volume of 5,579 shares traded. The stock had previously closed at C$100.31.

Purpose US Cash Fund ETF Stock Down 0.3%

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

Purpose US Cash Fund ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, November 3rd. Stockholders of record on Tuesday, November 3rd will be given a $0.3119 dividend. The ex-dividend date of this dividend is Wednesday, October 28th. This is a positive change from Purpose US Cash Fund ETF’s previous monthly dividend of $0.3104. This represents a $3.74 annualized dividend and a dividend yield of 3.7%.

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.