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Trexquant Investment LP Acquires New Stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) via ETF Daily News
The investment seeks to track the total return performance, before fees and expenses, of the S&P Emerging Markets Dividend and Free Cash Flow Yield Index. At least 80% of the fund's total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the index and depositary receipts representing index components. The index is a rules-based, equal-weighted index that is designed to provide exposure to the constituents of the S&P Emerging Plus LargeMidCap Index that exhibit both high dividend yield and sustainable dividend distribution characteristics, while maintaining diversified sector exposure.
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