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 hit a new 52-week low during 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 changing hands. The stock had previously closed at C$100.31.

Purpose US Cash Fund ETF Price Performance

The business has a 50 day moving average price of C$100.17 and a two-hundred day moving average price of C$100.16.

Purpose US Cash Fund ETF Increases Dividend

The business 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. The ex-dividend date is Monday, September 28th. This is an increase from Purpose US Cash Fund ETF’s previous monthly dividend of $0.2811. This represents a $3.72 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.