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

Purpose US Cash Fund ETF (TSE:PSU.U)’s share price rose 0% on Friday . The stock traded as high as C$100.23 and last traded at C$100.23. Approximately 6,604 shares changed hands during trading, a decline of 68% from the average session volume of 20,965 shares. The stock had previously closed at C$100.19.

Purpose US Cash Fund ETF Trading Up 0.0%

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

Purpose US Cash Fund ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, July 3rd. Investors of record on Friday, July 3rd were paid a $0.2907 dividend. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Friday, June 26th.

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.