Purpose High Interest Savings Fund (TSE:PSA) Stock Price Down 0% – Should You Sell?

Purpose High Interest Savings Fund (TSE:PSA)’s stock price traded down 0% during trading on Wednesday . The company traded as low as C$50.06 and last traded at C$50.06. Approximately 64,920 shares were traded during trading, a decline of 43% from the average session volume of 113,429 shares. The stock had previously closed at C$50.07.

Purpose High Interest Savings Fund Price Performance

The firm has a 50-day moving average price of C$50.05 and a 200 day moving average price of C$50.05.

Purpose High Interest Savings Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, May 4th. Shareholders of record on Monday, May 4th were issued a $0.0953 dividend. This is a boost from Purpose High Interest Savings Fund’s previous monthly dividend of $0.09. This represents a c) dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, April 28th.

Purpose High Interest Savings Fund Company Profile

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.