Purpose US Cash Fund ETF (TSE:PSU.U) Shares Break Below 200 Day Moving Average – Here’s What Happened

Purpose US Cash Fund ETF (TSE:PSU.U)’s share price crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$100.15 and traded as low as C$100.00. Purpose US Cash Fund ETF shares last traded at C$100.00, with a volume of 14,762 shares trading hands.

Purpose US Cash Fund ETF Price Performance

The company’s 50 day moving average is C$100.16 and its 200 day moving average is C$100.15.

Purpose US Cash Fund ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, November 3rd. Shareholders of record on Tuesday, November 3rd will be paid a $0.3119 dividend. This is a positive change from Purpose US Cash Fund ETF’s previous monthly dividend of $0.3104. The ex-dividend date is Wednesday, October 28th. This represents a $3.74 annualized dividend and a yield of 3.7%.

About Purpose US Cash Fund ETF

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.