LifeGoal Wealth Builder ETF’s (NYSEARCA:WLTH) Quiet Period Will End on January 21st

LifeGoal Wealth Builder ETF’s (NYSEARCA:WLTH) quiet period is set to expire on Wednesday, January 21st. LifeGoal Wealth Builder ETF had issued 34,615,384 shares in its initial public offering on December 12th. The total size of the offering was $484,615,376 based on an initial share price of $14.00. During LifeGoal Wealth Builder ETF’s quiet period, insiders and any underwriters that worked on the IPO are prevented from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analysts Set New Price Targets

Several equities analysts have commented on WLTH shares. Royal Bank Of Canada assumed coverage on shares of 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. Keefe, Bruyette & Woods assumed coverage on shares of LifeGoal Wealth Builder ETF in a research note on Tuesday, January 6th. They set an “outperform” rating and a $16.50 price target on the stock. Citizens Jmp assumed coverage on shares of LifeGoal Wealth Builder ETF in a research report on Tuesday, January 6th. They issued an “outperform” rating and a $20.00 price target for the company. KeyCorp started coverage on LifeGoal Wealth Builder ETF in a report on Tuesday, January 6th. They set a “sector weight” rating on the stock. Finally, The Goldman Sachs Group initiated coverage on LifeGoal Wealth Builder ETF in a research report on Tuesday, January 6th. They set a “neutral” rating and a $14.50 price target on the stock.

LifeGoal Wealth Builder ETF Price Performance

WLTH opened at $10.47 on Wednesday. LifeGoal Wealth Builder ETF has a 1-year low of $9.70 and a 1-year high of $14.88. The stock has a market cap of $1.53 billion, a P/E ratio of 15.46 and a beta of 0.67. The stock’s 50 day simple moving average is $10.54 and its 200 day simple moving average is $9.11.

Insider Buying and Selling at LifeGoal Wealth Builder ETF

In other news, VP Kal Iyer sold 167,722 shares of the company’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 $2,348,108.00. Following the sale, the vice president directly owned 127,514 shares in the company, valued at $1,785,196. This represents a 56.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lauren Lin sold 30,229 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 $423,206.00. Following the sale, the insider owned 95,279 shares of the company’s stock, valued at approximately $1,333,906. This represents a 24.09% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, 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.