Purpose US Cash Fund ETF (TSE:PSU.U) Trading 0% Higher – Still a Buy?

Purpose US Cash Fund ETF (TSE:PSU.U) rose 0% during trading on Friday . The company traded as high as C$100.23 and last traded at C$100.23. Approximately 8,409 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 19,795 shares. The stock had previously closed at C$100.19.

Purpose US Cash Fund ETF Price Performance

The firm has a 50-day simple moving average of C$100.15 and a two-hundred day simple moving average of C$100.16.

Purpose US Cash Fund ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, April 2nd. Investors of record on Thursday, April 2nd were issued a $0.2899 dividend. This is an increase from Purpose US Cash Fund ETF’s previous monthly dividend of $0.27. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Friday, March 27th.

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.