Purpose High Interest Savings Fund (TSE:PSA) Hits New 12-Month Low – Time to Sell?

Purpose High Interest Savings Fund (TSE:PSAGet Free Report) shares reached a new 52-week low during trading on Wednesday . The company traded as low as C$50.00 and last traded at C$50.01, with a volume of 90315 shares trading hands. The stock had previously closed at C$50.08.

Purpose High Interest Savings Fund Stock Performance

The company has a 50 day simple moving average of C$50.05 and a 200-day simple moving average of C$50.05.

Purpose High Interest Savings Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, March 3rd will be paid a $0.0819 dividend. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a c) annualized dividend and a yield of 2.0%.

About Purpose High Interest Savings Fund

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Purpose High Interest Savings ETF (the Fund) seeks to maximize monthly income while preserving capital and liquidity by investing in high interest deposit accounts The Funds investment strategy is to invest substantially all of the assets of the Fund in high interest deposit accounts with one or more chartered banks and/or credit unions. During the period ended June 30, 2021 the portfolio was invested in cash accounts and term deposits diversified between seven Canadian financial institutions.

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