Purpose US Cash Fund ETF (TSE:PSU.U) Hits New 12-Month Low – Time to Sell?

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

Purpose US Cash Fund ETF Stock Up 0.0%

The business’s 50 day moving average is C$100.16 and its 200-day moving average is C$100.15.

Purpose US Cash Fund ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, September 2nd will be given a dividend of $0.2811 per share. The ex-dividend date of this dividend is Thursday, August 27th. This represents a c) annualized dividend and a dividend 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.