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

Purpose US Cash Fund ETF (TSE:PSU.U)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$100.00 and last traded at C$100.00, with a volume of 49494 shares. The stock had previously closed at C$100.30.

Purpose US Cash Fund ETF Stock Performance

The firm’s fifty day moving average price is C$100.15 and its 200-day moving average price is C$100.16.

Purpose US Cash Fund ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, May 4th. Stockholders of record on Monday, May 4th will be paid a $0.3073 dividend. This is an increase from Purpose US Cash Fund ETF’s previous monthly dividend of $0.29. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Tuesday, April 28th.

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.