LifeGoal Wealth Builder ETF (NYSEARCA:WLTH) Hits New 12-Month Low – Here’s Why

LifeGoal Wealth Builder ETF (NYSEARCA:WLTH) shares hit a new 52-week low on Tuesday . The stock traded as low as $8.35 and last traded at $8.44, with a volume of 467294 shares traded. The stock had previously closed at $8.82.

Wall Street Analysts Forecast Growth

WLTH has been the subject of a number of analyst reports. Keefe, Bruyette & Woods initiated coverage on LifeGoal Wealth Builder ETF in a report on Tuesday, January 6th. They issued an “outperform” rating and a $16.50 price target for the company. Citizens Jmp started coverage on shares of LifeGoal Wealth Builder ETF in a report on Tuesday, January 6th. They set an “outperform” rating and a $20.00 target price for the company. JPMorgan Chase & Co. began coverage on shares of LifeGoal Wealth Builder ETF in a research note on Tuesday, January 6th. They issued an “overweight” rating and a $16.00 target price for the company. The Goldman Sachs Group started coverage on shares of LifeGoal Wealth Builder ETF in a research report on Tuesday, January 6th. They set a “neutral” rating and a $14.50 price target on the stock. Finally, KeyCorp assumed coverage on shares of LifeGoal Wealth Builder ETF in a research report on Tuesday, January 6th. They issued a “sector weight” rating for the company.

LifeGoal Wealth Builder ETF Price Performance

The stock has a market capitalization of $1.30 billion, a PE ratio of 15.46 and a beta of 0.67. The company’s 50 day moving average price is $10.78 and its two-hundred day moving average price is $9.19.

Insider Buying and Selling

In related news, Director Kenneth A. Goldman sold 38,071 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 $532,994.00. Following the completion of the sale, the director owned 42,648 shares of the company’s stock, valued at approximately $597,072. This represents a 47.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Lauren Lin sold 30,229 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 $423,206.00. Following the transaction, the insider directly owned 95,279 shares in the company, valued at $1,333,906. This trade represents a 24.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 1,101,965 shares of company stock valued at $15,427,510.

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.