Purpose US Cash Fund ETF (TSE:PSU.U) Hits New 12-Month Low – Should You Sell?

Purpose US Cash Fund ETF (TSE:PSU.UGet Free Report) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$100.00 and last traded at C$100.00, with a volume of 16597 shares traded. The stock had previously closed at C$100.27.

Purpose US Cash Fund ETF Price Performance

The company’s 50 day simple moving average is C$100.16 and its 200 day simple moving average is C$100.17.

Purpose US Cash Fund ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, December 2nd. Investors of record on Tuesday, December 2nd were paid a dividend of $0.2897 per share. The ex-dividend date was Wednesday, November 26th. This represents a c) annualized dividend and a yield of 3.5%.

Purpose US Cash Fund ETF Company Profile

(Get Free Report)

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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