Purpose High Interest Savings Fund (TSE:PSA) Trading Up 0% – Time to Buy?

Purpose High Interest Savings Fund (TSE:PSA)’s share price traded up 0% during trading on Thursday . The stock traded as high as C$50.07 and last traded at C$50.07. 115,239 shares traded hands during mid-day trading, a decline of 4% from the average session volume of 119,765 shares. The stock had previously closed at C$50.06.

Purpose High Interest Savings Fund Stock Performance

The firm has a 50-day moving average of C$50.04 and a 200-day moving average of C$50.05.

Purpose High Interest Savings Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, March 3rd were paid a $0.0819 dividend. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date was Wednesday, February 25th.

Purpose High Interest Savings Fund Company Profile

Purpose High Interest Savings ETF (the Fund) seeks to maximize monthly income while preserving capital and liquidity by investing in high interest deposit accounts The Funds investment strategy is to invest substantially all of the assets of the Fund in high interest deposit accounts with one or more chartered banks and/or credit unions. During the period ended June 30, 2021 the portfolio was invested in cash accounts and term deposits diversified between seven Canadian financial institutions.