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.
**All
posts on this blog are information and opinions only. They are not to
be considered recommendations to buy or sell any security. Please do
your due diligence first before trading and investing. Please direct all
questions and comments to the blog or to kdkfund@gmail.com or on
twitter @kdkfund.
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