Purpose US Cash Fund ETF (TSE:PSU.U) Shares Break Below 200 Day Moving Average – Here’s What Happened

Purpose US Cash Fund ETF (TSE:PSU.U)’s share price passed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of C$100.15 and traded as low as C$100.00. Purpose US Cash Fund ETF shares last traded at C$100.00, with a volume of 14,762 shares.

Purpose US Cash Fund ETF Stock Down 0.3%

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

Purpose US Cash Fund ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, November 3rd. Stockholders of record on Tuesday, November 3rd will be issued a dividend of $0.3119 per share. This is a boost from Purpose US Cash Fund ETF’s previous monthly dividend of $0.3104. The ex-dividend date of this dividend is Wednesday, October 28th. This represents a $3.74 dividend on an annualized basis and a dividend yield of 3.7%.

About Purpose US Cash Fund ETF

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.