LifeGoal Wealth Builder ETF (NYSEARCA:WLTH) Coverage Initiated at Keefe, Bruyette & Woods

Investment analysts at Keefe, Bruyette & Woods began coverage on shares of LifeGoal Wealth Builder ETF (NYSEARCA:WLTH) in a research note issued on Tuesday, MarketBeat.com reports. The brokerage set an “outperform” rating and a $16.50 price target on the stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 22.22% from the stock’s current price.

A number of other equities analysts also recently weighed in on the company. JPMorgan Chase & Co. started coverage on LifeGoal Wealth Builder ETF in a report on Tuesday. They issued an “overweight” rating and a $16.00 target price on the stock. KeyCorp began coverage on shares of LifeGoal Wealth Builder ETF in a research report on Tuesday. They set a “sector weight” rating on the stock. Royal Bank Of Canada began coverage on shares of LifeGoal Wealth Builder ETF in a research note on Tuesday. They issued an “outperform” rating and a $17.00 price objective on the stock. Wells Fargo & Company began coverage on shares of LifeGoal Wealth Builder ETF in a research report on Tuesday. They issued an “overweight” rating and a $16.50 target price for the company. Finally, Citizens Jmp initiated coverage on shares of LifeGoal Wealth Builder ETF in a report on Tuesday. They set an “outperform” rating and a $20.00 price target on the stock.

LifeGoal Wealth Builder ETF Trading Down 0.8%

NYSEARCA:WLTH opened at $13.50 on Tuesday. The business’s fifty day moving average price is $10.23 and its 200 day moving average price is $8.99. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 15.46 and a beta of 0.67. LifeGoal Wealth Builder ETF has a 1-year low of $11.95 and a 1-year high of $14.88.

Insider Activity

In other news, VP Kal Iyer sold 167,722 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $14.00, for a total value of $2,348,108.00. Following the sale, the vice president directly owned 127,514 shares of the company’s stock, valued at approximately $1,785,196. This trade represents a 56.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David Fortunato sold 765,154 shares of LifeGoal Wealth Builder ETF stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $14.00, for a total value of $10,712,156.00. Following the completion of the transaction, the chief executive officer owned 1,481,051 shares in the company, valued at $20,734,714. The trade was a 34.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,101,965 shares of company stock worth $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.