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

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

Purpose US Cash Fund ETF Trading Up 0.0%

The business has a fifty day moving average price of C$100.15 and a 200-day moving average price of C$100.15.

Purpose US Cash Fund ETF Increases Dividend

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

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.