Purpose US Cash Fund ETF (TSE:PSU.U) Sets New 12-Month Low – Time to Sell?

Purpose US Cash Fund ETF (TSE:PSU.U) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$100.00 and last traded at C$100.00, with a volume of 5183 shares traded. The stock had previously closed at C$100.27.

Purpose US Cash Fund ETF Stock Performance

The stock has a 50-day simple moving average of C$100.17 and a two-hundred day simple moving average of C$100.17.

Purpose US Cash Fund ETF Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, March 3rd will be given a dividend of $0.2698 per share. This represents a c) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Wednesday, February 25th.

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.