Archer Investment Corp Purchases Shares of 142,189 Innovator Defined Wealth Shield ETF $BALT

Archer Investment Corp acquired a new position in shares of Innovator Defined Wealth Shield ETF (BATS:BALT) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 142,189 shares of the company’s stock, valued at approximately $4,667,000. Innovator Defined Wealth Shield ETF accounts for approximately 1.1% of Archer Investment Corp’s portfolio, making the stock its 18th largest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bison Wealth LLC lifted its holdings in Innovator Defined Wealth Shield ETF by 73.5% during the 4th quarter. Bison Wealth LLC now owns 41,232 shares of the company’s stock worth $1,296,000 after purchasing an additional 17,464 shares during the last quarter. AQR Capital Management LLC acquired a new stake in shares of Innovator Defined Wealth Shield ETF during the first quarter worth $347,000. Jane Street Group LLC bought a new stake in shares of Innovator Defined Wealth Shield ETF in the first quarter valued at about $1,036,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Innovator Defined Wealth Shield ETF by 39.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 23,128 shares of the company’s stock valued at $744,000 after acquiring an additional 6,517 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in Innovator Defined Wealth Shield ETF during the second quarter worth about $217,000.

Innovator Defined Wealth Shield ETF Stock Up 9.0%

Shares of Innovator Defined Wealth Shield ETF stock opened at $33.72 on Thursday. The company has a 50-day simple moving average of $33.39 and a two-hundred day simple moving average of $32.93. Innovator Defined Wealth Shield ETF has a twelve month low of $29.35 and a twelve month high of $32.34. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 24.42 and a beta of 0.14.

About Innovator Defined Wealth Shield ETF

The Innovator Defined Wealth Shield ETF (BALT) is an exchange-traded fund that is based on the SPDR S&P 500 ETF Trust index. The fund aims for specific buffered losses and capped gains on the SPDR S&P 500 ETF over a three-month outcome period. The actively managed fund holds flex options. BALT was launched on Jul 1, 2021 and is managed by Innovator.