LifeGoal Wealth Builder ETF (NYSEARCA:WLTH) Shares Down 4.7% – What’s Next?

LifeGoal Wealth Builder ETF (NYSEARCA:WLTH)’s share price traded down 4.7% during trading on Monday . The stock traded as low as $8.27 and last traded at $8.30. 143,950 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 1,607,351 shares. The stock had previously closed at $8.71.

Analyst Ratings Changes

Several research firms have weighed in on WLTH. Royal Bank Of Canada started coverage on shares of LifeGoal Wealth Builder ETF in a report on Tuesday, January 6th. They set an “outperform” rating and a $17.00 target price for the company. The Goldman Sachs Group assumed coverage on shares of LifeGoal Wealth Builder ETF in a research note on Tuesday, January 6th. They set a “neutral” rating and a $14.50 price objective for the company. Keefe, Bruyette & Woods initiated coverage on LifeGoal Wealth Builder ETF in a research note on Tuesday, January 6th. They issued an “outperform” rating and a $16.50 target price on the stock. JPMorgan Chase & Co. began coverage on LifeGoal Wealth Builder ETF in a research report on Tuesday, January 6th. They set an “overweight” rating and a $16.00 price target for the company. Finally, Wells Fargo & Company cut their price target on LifeGoal Wealth Builder ETF from $16.50 to $15.50 and set an “overweight” rating for the company in a report on Tuesday, January 13th.

LifeGoal Wealth Builder ETF Price Performance

The company’s 50-day moving average is $10.80 and its 200-day moving average is $9.20. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 15.46 and a beta of 0.67.

Insider Activity at LifeGoal Wealth Builder ETF

In related news, insider Lauren Lin sold 30,229 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $14.00, for a total value of $423,206.00. Following the transaction, the insider directly owned 95,279 shares of the company’s stock, valued at approximately $1,333,906. This trade represents a 24.09% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kenneth A. Goldman sold 38,071 shares of LifeGoal Wealth Builder ETF stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $14.00, for a total value of $532,994.00. Following the completion of the transaction, the director owned 42,648 shares in the company, valued at $597,072. The trade was a 47.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,101,965 shares of company stock worth $15,427,510 in the last 90 days.

About LifeGoal Wealth Builder ETF

The LifeGoal Wealth Builder ETF (WLTH) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund-of-funds that allocates to equities, debt securities and commodity-linked instruments. The fund seeks long-term capital growth. WLTH was launched on Sep 9, 2021 and is managed by LifeGoal.