Earlier today, the fund purchased shares of Powershares Build America Bond Fund. This price of the purchase was $29.04 per share before commissions and fees. The goal of the trade is to hold onto the shares forever.
A thank you to Optionshouse for executing the trade for the fund.
Some of the reasons for the purchase are below:
- This is an etf that has a good dividend
- The dividend is issued monthly
- The fund needed government bond exposure
- This will be another way for the fund to build its wealth
The fund also owns shares of Ford, AT&T, MFA, and First Financial Bancorp.
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