LifeGoal Wealth Builder ETF (NYSEARCA:WLTH) Hits New 52-Week Low – Here’s What Happened

LifeGoal Wealth Builder ETF (NYSEARCA:WLTH)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $8.52 and last traded at $8.54, with a volume of 103792 shares. The stock had previously closed at $8.79.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. KeyCorp started coverage on shares of LifeGoal Wealth Builder ETF in a research note on Tuesday, January 6th. They set a “sector weight” rating on the stock. Wells Fargo & Company lowered their price target on shares of LifeGoal Wealth Builder ETF from $16.50 to $15.50 and set an “overweight” rating for the company in a report on Tuesday, January 13th. JPMorgan Chase & Co. assumed coverage on shares of LifeGoal Wealth Builder ETF in a report on Tuesday, January 6th. They issued an “overweight” rating and a $16.00 price objective on the stock. The Goldman Sachs Group began coverage on shares of LifeGoal Wealth Builder ETF in a research report on Tuesday, January 6th. They issued a “neutral” rating and a $14.50 price objective for the company. Finally, Citizens Jmp assumed coverage on LifeGoal Wealth Builder ETF in a research report on Tuesday, January 6th. They set an “outperform” rating and a $20.00 target price on the stock.

LifeGoal Wealth Builder ETF Price Performance

The stock’s fifty day simple moving average is $10.74 and its two-hundred day simple moving average is $9.18. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 15.46 and a beta of 0.67.

Insider Buying and Selling at LifeGoal Wealth Builder ETF

In other LifeGoal Wealth Builder ETF news, insider Lauren Lin sold 30,229 shares of LifeGoal Wealth Builder ETF stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $14.00, for a total value of $423,206.00. Following the completion of the transaction, the insider directly owned 95,279 shares in the company, valued at $1,333,906. The trade was a 24.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Kal Iyer sold 167,722 shares of the company’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 value of $2,348,108.00. Following the transaction, the vice president directly owned 127,514 shares of the company’s stock, valued at $1,785,196. This trade represents a 56.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders 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.