Purpose High Interest Savings Fund (TSE:PSA) Trading at C$50.07

Purpose High Interest Savings Fund (TSE:PSA)’s stock price was up 0% during trading on Tuesday. The company traded as high as C$50.07 and last traded at C$50.07. Approximately 53,977 shares traded hands during mid-day trading, a decline of 48% from the average daily volume of 104,050 shares. The stock had previously closed at C$50.06.

Purpose High Interest Savings Fund Price Performance

The stock’s fifty day moving average price is C$50.05 and its two-hundred day moving average price is C$50.05.

Purpose High Interest Savings Fund Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, October 2nd were issued a $0.0956 dividend. This represents a $1.15 annualized dividend and a yield of 2.3%. This is a boost from Purpose High Interest Savings Fund’s previous monthly dividend of $0.0866. The ex-dividend date of this dividend was Monday, September 28th.

About Purpose High Interest Savings Fund

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.