LifeGoal Wealth Builder ETF (NYSEARCA:WLTH) Coverage Initiated at Citizens Jmp

Investment analysts at Citizens Jmp assumed coverage on shares of LifeGoal Wealth Builder ETF (NYSEARCA:WLTH) in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The brokerage set an “outperform” rating and a $20.00 price target on the stock. Citizens Jmp’s price target indicates a potential upside of 48.15% from the company’s current price.

LifeGoal Wealth Builder ETF Stock Performance

WLTH opened at $13.50 on Tuesday. LifeGoal Wealth Builder ETF has a fifty-two week low of $11.95 and a fifty-two week high of $14.88. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 15.46 and a beta of 0.67. The company has a fifty day moving average of $10.23 and a two-hundred day moving average of $8.99.

Insider Activity at LifeGoal Wealth Builder ETF

In related news, Director Kenneth A. Goldman sold 38,071 shares of the stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $14.00, for a total transaction of $532,994.00. Following the transaction, the director owned 42,648 shares of the company’s stock, valued at approximately $597,072. This represents a 47.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Kal Iyer sold 167,722 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $14.00, for a total transaction of $2,348,108.00. Following the sale, the vice president directly owned 127,514 shares in the company, valued at approximately $1,785,196. The trade was a 56.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 1,101,965 shares of company stock valued at $15,427,510.

LifeGoal Wealth Builder ETF Company Profile

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.