Purpose US Cash Fund ETF (TSE:PSU.U) Reaches New 52-Week Low – Time to Sell?

Purpose US Cash Fund ETF (TSE:PSU.UGet Free Report)’s stock price hit a new 52-week low on Wednesday . The company traded as low as C$100.00 and last traded at C$100.01, with a volume of 23307 shares. The stock had previously closed at C$100.31.

Purpose US Cash Fund ETF Stock Down 0.3%

The business has a 50 day simple moving average of C$100.17 and a 200-day simple moving average of C$100.15.

Purpose US Cash Fund ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, August 5th. Stockholders of record on Wednesday, August 5th will be issued a dividend of $0.3207 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. This is a positive change from Purpose US Cash Fund ETF’s previous monthly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, July 29th.

About Purpose US Cash Fund ETF

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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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