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

Purpose US Cash Fund ETF (TSE:PSU.UGet Free Report)’s share price shot up 0% during trading on Wednesday . The stock traded as high as C$100.21 and last traded at C$100.21. 16,570 shares traded hands during trading, a decline of 22% from the average session volume of 21,351 shares. The stock had previously closed at C$100.19.

Purpose US Cash Fund ETF Stock Up 0.0%

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

Purpose US Cash Fund ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, May 4th. Investors of record on Monday, May 4th were issued a dividend of $0.3073 per share. The ex-dividend date of this dividend was Tuesday, April 28th. This is a positive change from Purpose US Cash Fund ETF’s previous monthly dividend of $0.29. This represents a c) annualized dividend and a yield of 3.7%.

Purpose US Cash Fund ETF Company Profile

(Get Free Report)

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.

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