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Purpose High Interest Savings Fund (TSE:PSA) Trading 0% Higher - Should You Buy?

Purpose High Interest Savings Fund logo with Finance background

Key Points

  • The stock price of Purpose High Interest Savings Fund (TSE:PSA) increased by 0%, trading at C$50.09 after reaching a high of C$50.10, with a trading volume of 132,190 shares.
  • The fund has announced a monthly dividend of $0.1048, reflecting an annualized yield of 2.5%, which was paid to investors of record as of September 3rd.
  • Purpose High Interest Savings Fund aims to maximize monthly income while preserving capital, primarily investing in high interest deposit accounts at chartered banks and credit unions.
  • MarketBeat previews top five stocks to own in October.

Purpose High Interest Savings Fund (TSE:PSA - Get Free Report) shares shot up 0% during mid-day trading on Friday . The stock traded as high as C$50.10 and last traded at C$50.09. 132,190 shares changed hands during trading, an increase of 7% from the average session volume of 123,002 shares. The stock had previously closed at C$50.08.

Purpose High Interest Savings Fund Stock Performance

The company has a 50-day moving average of C$50.06 and a 200 day moving average of C$50.06.

Purpose High Interest Savings Fund Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Wednesday, September 3rd were given a $0.1048 dividend. The ex-dividend date was Wednesday, August 27th. This represents a c) annualized dividend and a dividend yield of 2.5%.

About Purpose High Interest Savings Fund

(Get Free Report)

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.

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Should You Invest $1,000 in Purpose High Interest Savings Fund Right Now?

Before you consider Purpose High Interest Savings Fund, you'll want to hear this.

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While Purpose High Interest Savings Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

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