LifeGoal Wealth Builder ETF (NYSEARCA:WLTH) Hits New 1-Year Low – What’s Next?

LifeGoal Wealth Builder ETF (NYSEARCA:WLTH)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $9.20 and last traded at $9.27, with a volume of 119063 shares. The stock had previously closed at $9.50.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. initiated coverage on shares of LifeGoal Wealth Builder ETF in a research note on Tuesday, January 6th. They set an “overweight” rating and a $16.00 price objective on the stock. Wells Fargo & Company dropped their price target on shares of LifeGoal Wealth Builder ETF from $16.50 to $15.50 and set an “overweight” rating on the stock in a research note on Tuesday, January 13th. Citizens Jmp initiated coverage on shares of LifeGoal Wealth Builder ETF in a report on Tuesday, January 6th. They issued an “outperform” rating and a $20.00 price objective on the stock. The Goldman Sachs Group initiated coverage on LifeGoal Wealth Builder ETF in a research note on Tuesday, January 6th. They set a “neutral” rating and a $14.50 target price for the company. Finally, Royal Bank Of Canada began coverage on LifeGoal Wealth Builder ETF in a research note on Tuesday, January 6th. They issued an “outperform” rating and a $17.00 price target on the stock.

LifeGoal Wealth Builder ETF Stock Down 6.2%

The company has a market capitalization of $1.30 billion, a P/E ratio of 15.46 and a beta of 0.67. The business has a 50 day simple moving average of $10.66 and a 200-day simple moving average of $9.15.

Insider Activity

In other LifeGoal Wealth Builder ETF news, insider Lauren Lin sold 30,229 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $14.00, for a total transaction of $423,206.00. Following the completion of the transaction, the insider directly owned 95,279 shares of the company’s stock, valued at $1,333,906. The trade was a 24.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David Fortunato sold 95,416 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $14.00, for a total transaction of $1,335,824.00. Following the completion of the sale, the chief executive officer owned 153,503 shares in the company, valued at $2,149,042. The trade was a 38.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 1,101,965 shares of company stock valued at $15,427,510.

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.