Purpose US Cash Fund ETF (TSE:PSU.U) Stock Price Up 0% – Here’s Why

Purpose US Cash Fund ETF (TSE:PSU.U) shares rose 0% during mid-day trading on Friday . The stock traded as high as C$100.12 and last traded at C$100.12. Approximately 98,842 shares traded hands during mid-day trading, an increase of 461% from the average daily volume of 17,611 shares. The stock had previously closed at C$100.09.

Purpose US Cash Fund ETF Stock Performance

The stock’s 50-day moving average price is C$100.17.

Purpose US Cash Fund ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, November 4th. Stockholders of record on Tuesday, November 4th were issued a $0.3752 dividend. The ex-dividend date was Wednesday, October 29th. This represents a c) annualized dividend and a dividend yield of 4.5%. This is an increase from Purpose US Cash Fund ETF’s previous monthly dividend of $0.33.

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.