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

LifeGoal Wealth Builder ETF’s (NYSEARCA:WLTH) quiet period will end on Wednesday, January 21st. LifeGoal Wealth Builder ETF had issued 34,615,384 shares in its IPO on December 12th. The total size of the offering was $484,615,376 based on an initial share price of $14.00. During the company’s quiet period, underwriters and any insiders involved in the IPO are prevented from issuing any research reports or earnings estimates 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.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on WLTH. KeyCorp initiated coverage on shares of LifeGoal Wealth Builder ETF in a report on Tuesday, January 6th. They issued a “sector weight” rating on the stock. Citizens Jmp assumed coverage on shares of LifeGoal Wealth Builder ETF in a research report on Tuesday, January 6th. They set an “outperform” rating and a $20.00 target price for the company. The Goldman Sachs Group initiated coverage on shares of LifeGoal Wealth Builder ETF in a research note on Tuesday, January 6th. They issued a “neutral” rating and a $14.50 target price for the company. JPMorgan Chase & Co. initiated coverage on LifeGoal Wealth Builder ETF in a research report on Tuesday, January 6th. They set an “overweight” rating and a $16.00 price target on the stock. Finally, Royal Bank Of Canada started coverage on LifeGoal Wealth Builder ETF in a report on Tuesday, January 6th. They set an “outperform” rating and a $17.00 price objective for the company.

LifeGoal Wealth Builder ETF Stock Performance

Shares of WLTH stock opened at $10.15 on Friday. The stock’s 50-day simple moving average is $10.62 and its 200-day simple moving average is $9.12. The firm has a market capitalization of $1.48 billion, a PE ratio of 15.46 and a beta of 0.67. LifeGoal Wealth Builder ETF has a fifty-two week low of $9.70 and a fifty-two week high of $14.88.

Insider Buying and Selling at LifeGoal Wealth Builder ETF

In other LifeGoal Wealth Builder ETF news, CEO David Fortunato sold 765,154 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $14.00, for a total transaction of $10,712,156.00. Following the completion of the transaction, the chief executive officer directly owned 1,481,051 shares of the company’s stock, valued at approximately $20,734,714. This trade represents a 34.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kenneth A. Goldman sold 38,071 shares of LifeGoal Wealth Builder ETF stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $14.00, for a total transaction of $532,994.00. Following the sale, the director owned 42,648 shares of the company’s stock, valued at approximately $597,072. The trade was a 47.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,101,965 shares of company stock worth $15,427,510 in the last 90 days.

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.