LifeGoal Wealth Builder ETF (NYSEARCA:WLTH) Trading Down 6.1% – What’s Next?

LifeGoal Wealth Builder ETF (NYSEARCA:WLTH) was down 6.1% during trading on Wednesday . The company traded as low as $8.32 and last traded at $8.37. Approximately 741,219 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 1,458,824 shares. The stock had previously closed at $8.91.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. The Goldman Sachs Group started coverage on LifeGoal Wealth Builder ETF in a research note on Tuesday, January 6th. They issued a “neutral” rating and a $14.50 price objective on the stock. Royal Bank Of Canada started coverage on shares of LifeGoal Wealth Builder ETF in a report on Tuesday, January 6th. They set an “outperform” rating and a $17.00 price target for the company. Wells Fargo & Company reduced their price objective on shares of LifeGoal Wealth Builder ETF from $16.50 to $15.50 and set an “overweight” rating on the stock in a research note on Tuesday, January 13th. Keefe, Bruyette & Woods began coverage on shares of LifeGoal Wealth Builder ETF in a research report on Tuesday, January 6th. They set an “outperform” rating and a $16.50 price objective for the company. Finally, Citizens Jmp started coverage on shares of LifeGoal Wealth Builder ETF in a research note on Tuesday, January 6th. They set an “outperform” rating and a $20.00 target price for the company.

LifeGoal Wealth Builder ETF Stock Down 4.3%

The firm’s 50 day simple moving average is $9.54 and its two-hundred day simple moving average is $9.21. The stock has a market capitalization of $1.28 billion, a P/E ratio of 15.46 and a beta of 0.67.

Insider Transactions at LifeGoal Wealth Builder ETF

In related news, Director Kenneth A. Goldman sold 5,373 shares of the company’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 $75,222.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO David Fortunato sold 95,416 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $14.00, for a total transaction of $1,335,824.00. Following the completion of the transaction, the chief executive officer directly owned 153,503 shares in the company, valued at approximately $2,149,042. The trade was a 38.33% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 1,101,965 shares of company stock valued at $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.