LifeGoal Wealth Builder ETF (NYSEARCA:WLTH) Sets New 52-Week Low After Analyst Downgrade

LifeGoal Wealth Builder ETF (NYSEARCA:WLTH)’s stock price reached a new 52-week low on Tuesday after Wells Fargo & Company lowered their price target on the stock from $16.50 to $15.50. Wells Fargo & Company currently has an overweight rating on the stock. LifeGoal Wealth Builder ETF traded as low as $9.70 and last traded at $10.83, with a volume of 1738564 shares changing hands. The stock had previously closed at $12.59.

WLTH has been the subject of several other reports. Keefe, Bruyette & Woods started coverage on shares of LifeGoal Wealth Builder ETF in a research report on Tuesday, January 6th. They issued an “outperform” rating and a $16.50 target price for the company. KeyCorp assumed coverage on shares of LifeGoal Wealth Builder ETF in a report on Tuesday, January 6th. They issued a “sector weight” rating for the company. Royal Bank Of Canada assumed coverage on LifeGoal Wealth Builder ETF in a report on Tuesday, January 6th. They set an “outperform” rating and a $17.00 target price on the stock. Citizens Jmp began coverage on LifeGoal Wealth Builder ETF in a research note on Tuesday, January 6th. They set an “outperform” rating and a $20.00 price target for the company. Finally, JPMorgan Chase & Co. initiated coverage on LifeGoal Wealth Builder ETF in a research note on Tuesday, January 6th. They issued an “overweight” rating and a $16.00 price objective on the stock.

Insider Activity at LifeGoal Wealth Builder ETF

In related news, Director Kenneth A. Goldman sold 5,373 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 transaction of $75,222.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Kal Iyer sold 167,722 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 value of $2,348,108.00. Following the transaction, the vice president owned 127,514 shares in the company, valued at $1,785,196. This represents a 56.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,101,965 shares of company stock worth $15,427,510 in the last three months.

LifeGoal Wealth Builder ETF Trading Down 2.0%

The company has a 50 day moving average of $10.58 and a 200 day moving average of $9.12. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 15.46 and a beta of 0.67.

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.