AltShares Event-Driven ETF $EVNT Stock Position Raised by Sonoma Allocations LLC

Sonoma Allocations LLC increased its stake in AltShares Event-Driven ETF (NYSEARCA:EVNT) by 22.1% during the first quarter, HoldingsChannel.com reports. The fund owned 425,333 shares of the company’s stock after buying an additional 76,878 shares during the period. AltShares Event-Driven ETF makes up approximately 1.7% of Sonoma Allocations LLC’s holdings, making the stock its 15th biggest position. Sonoma Allocations LLC owned about 0.41% of AltShares Event-Driven ETF worth $4,996,000 as of its most recent filing with the Securities & Exchange Commission.

Separately, Jane Street Group LLC purchased a new stake in shares of AltShares Event-Driven ETF during the first quarter valued at $295,000.

AltShares Event-Driven ETF Price Performance

NYSEARCA:EVNT opened at $12.20 on Friday. The stock has a fifty day simple moving average of $12.07 and a 200 day simple moving average of $11.86. The firm has a market capitalization of $13.05 million, a price-to-earnings ratio of 18.53 and a beta of 0.31. AltShares Event-Driven ETF has a 1-year low of $10.35 and a 1-year high of $13.54.

AltShares Event-Driven ETF 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.