Sonoma Allocations LLC Increases Position in AltShares Event-Driven ETF $EVNT

Sonoma Allocations LLC raised its holdings in AltShares Event-Driven ETF (NYSEARCA:EVNT) by 129.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 348,455 shares of the company’s stock after acquiring an additional 196,657 shares during the period. AltShares Event-Driven ETF makes up approximately 1.4% of Sonoma Allocations LLC’s investment portfolio, making the stock its 18th largest position. Sonoma Allocations LLC owned about 40.05% of AltShares Event-Driven ETF worth $4,053,000 as of its most recent SEC filing.

Separately, Jane Street Group LLC purchased a new position in AltShares Event-Driven ETF in the 1st quarter worth approximately $295,000.

AltShares Event-Driven ETF Price Performance

Shares of AltShares Event-Driven ETF stock opened at $12.00 on Friday. The stock has a market cap of $12.36 million, a P/E ratio of 18.53 and a beta of 0.32. The stock’s 50 day simple moving average is $11.90 and its 200-day simple moving average is $11.77. AltShares Event-Driven ETF has a 1-year low of $10.35 and a 1-year high of $13.54.

AltShares Event-Driven ETF Company Profile

The AltShares Event-Driven ETF (EVNT) is an exchange-traded fund that mostly invests in long\u002Fshort alternatives. The fund is an actively managed fund that provides long and short exposure to equity and debt securities of companies believed to be impacted by an announced or anticipated corporate event. EVNT was launched on Dec 31, 2014 and is managed by Altshares.