Sonoma Allocations LLC Makes New $1.79 Million Investment in AltShares Event-Driven ETF $EVNT

Sonoma Allocations LLC acquired a new stake in AltShares Event-Driven ETF (NYSEARCA:EVNT) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 151,798 shares of the company’s stock, valued at approximately $1,787,000. AltShares Event-Driven ETF comprises about 0.7% of Sonoma Allocations LLC’s portfolio, making the stock its 29th largest position. Sonoma Allocations LLC owned about 21.69% of AltShares Event-Driven ETF at the end of the most recent quarter.

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

AltShares Event-Driven ETF Trading Down 0.1%

Shares of EVNT stock opened at $11.56 on Friday. The stock has a market cap of $9.83 million, a P/E ratio of 18.53 and a beta of 0.35. AltShares Event-Driven ETF has a twelve month low of $9.78 and a twelve month high of $13.54. The stock has a 50 day moving average of $11.84 and a 200 day moving average of $11.77.

AltShares Event-Driven ETF Dividend Announcement

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

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.