Royal Bank Of Canada Initiates Coverage on LifeGoal Wealth Builder ETF (NYSEARCA:WLTH)

Equities researchers at Royal Bank Of Canada began coverage on shares of LifeGoal Wealth Builder ETF (NYSEARCA:WLTH) in a research note issued to investors on Tuesday, Marketbeat.com reports. The brokerage set an “outperform” rating and a $17.00 price target on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 25.93% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Citizens Jmp initiated coverage on shares of LifeGoal Wealth Builder ETF in a report on Tuesday. They issued an “outperform” rating and a $20.00 price objective for the company. KeyCorp assumed coverage on shares of LifeGoal Wealth Builder ETF in a research note on Tuesday. They issued a “sector weight” rating for the company. Finally, Wells Fargo & Company initiated coverage on shares of LifeGoal Wealth Builder ETF in a report on Tuesday. They set an “overweight” rating and a $16.50 price target for the company.

LifeGoal Wealth Builder ETF Stock Down 0.8%

Shares of NYSEARCA:WLTH opened at $13.50 on Tuesday. LifeGoal Wealth Builder ETF has a 52-week low of $11.95 and a 52-week high of $14.88. The stock has a market cap of $1.97 billion, a P/E ratio of 15.46 and a beta of 0.67. The business has a fifty day moving average of $10.23 and a two-hundred day moving average of $8.99.

Insider Buying and Selling at LifeGoal Wealth Builder ETF

In related news, VP Kal Iyer sold 167,722 shares of LifeGoal Wealth Builder ETF stock in a transaction on 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 completion of the transaction, the vice president directly owned 127,514 shares in the company, valued at approximately $1,785,196. This trade represents a 56.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kenneth A. Goldman sold 38,071 shares of the business’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $14.00, for a total value of $532,994.00. Following the transaction, the director directly owned 42,648 shares of the company’s stock, valued at $597,072. The trade was a 47.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 1,101,965 shares of company stock worth $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.