LifeGoal Wealth Builder ETF (NYSEARCA:WLTH) Hits New 12-Month Low – Time to Sell?

LifeGoal Wealth Builder ETF (NYSEARCA:WLTH) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as $7.88 and last traded at $7.89, with a volume of 375802 shares changing hands. The stock had previously closed at $8.20.

Analyst Upgrades and Downgrades

WLTH has been the subject of several research analyst reports. JPMorgan Chase & Co. began coverage on shares of LifeGoal Wealth Builder ETF in a research report on Tuesday, January 6th. They issued an “overweight” rating and a $16.00 price objective for the company. KeyCorp began coverage on LifeGoal Wealth Builder ETF in a research note on Tuesday, January 6th. They set a “sector weight” rating on the stock. The Goldman Sachs Group initiated coverage on LifeGoal Wealth Builder ETF in a report on Tuesday, January 6th. They issued a “neutral” rating and a $14.50 price target on the stock. Royal Bank Of Canada began 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. Finally, Keefe, Bruyette & Woods initiated 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 target price on the stock.

LifeGoal Wealth Builder ETF Stock Up 7.9%

The stock has a market capitalization of $1.17 billion, a P/E ratio of 15.46 and a beta of 0.67. The company has a fifty day simple moving average of $10.76 and a two-hundred day simple moving average of $9.17.

Insiders Place Their Bets

In related news, CEO David Fortunato sold 765,154 shares of the business’s 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 $10,712,156.00. Following the completion of the transaction, the chief executive officer directly owned 1,481,051 shares in the company, valued at approximately $20,734,714. The trade was a 34.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Kal Iyer sold 167,722 shares of the 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 $2,348,108.00. Following the sale, the vice president directly owned 127,514 shares of the company’s stock, valued at approximately $1,785,196. The trade was a 56.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have 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.