Sonoma Allocations LLC Invests $1.79 Million in AltShares Event-Driven ETF $EVNT

Sonoma Allocations LLC bought a new stake in AltShares Event-Driven ETF (NYSEARCA:EVNT) in the third quarter, HoldingsChannel.com reports. The firm bought 151,798 shares of the company’s stock, valued at approximately $1,787,000. AltShares Event-Driven ETF accounts for 0.7% of Sonoma Allocations LLC’s portfolio, making the stock its 29th biggest position. Sonoma Allocations LLC owned approximately 0.22% of AltShares Event-Driven ETF as of its most recent SEC filing.

Separately, Jane Street Group LLC acquired a new stake in AltShares Event-Driven ETF in the 1st quarter valued at about $295,000.

AltShares Event-Driven ETF Stock Down 0.1%

Shares of NYSEARCA:EVNT opened at $11.56 on Friday. AltShares Event-Driven ETF has a fifty-two week low of $9.78 and a fifty-two week high of $13.54. The firm’s 50 day moving average price is $11.84 and its 200 day moving average price is $11.77. The stock has a market cap of $9.83 million, a price-to-earnings ratio of 18.53 and a beta of 0.35.

AltShares Event-Driven ETF Dividend Announcement

The business also recently announced an annual dividend, which was paid on Friday, December 19th. Investors of record on Thursday, December 18th were given a $0.5514 dividend. This represents a dividend yield of 480.0%. The ex-dividend date of this dividend was Thursday, December 18th.

About AltShares Event-Driven ETF

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.