LifeGoal Wealth Builder ETF (NYSEARCA:WLTH) Reaches New 52-Week Low – Here’s Why

LifeGoal Wealth Builder ETF (NYSEARCA:WLTH)’s stock price hit a new 52-week low on Tuesday . The stock traded as low as $9.20 and last traded at $9.27, with a volume of 119063 shares traded. The stock had previously closed at $9.50.

Wall Street Analysts Forecast Growth

WLTH has been the topic of several analyst reports. Royal Bank Of Canada assumed coverage on shares of LifeGoal Wealth Builder ETF in a report on Tuesday, January 6th. They issued an “outperform” rating and a $17.00 price target on the stock. KeyCorp began coverage on shares of LifeGoal Wealth Builder ETF in a research report on Tuesday, January 6th. They set a “sector weight” rating on the stock. Keefe, Bruyette & Woods began coverage on shares of LifeGoal Wealth Builder ETF in a research report on Tuesday, January 6th. They issued an “outperform” rating and a $16.50 price target for the company. Wells Fargo & Company cut 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 research note on Tuesday, January 13th. Finally, JPMorgan Chase & Co. initiated coverage on LifeGoal Wealth Builder ETF in a report on Tuesday, January 6th. They set an “overweight” rating and a $16.00 price objective on the stock.

LifeGoal Wealth Builder ETF Stock Up 3.1%

The company has a market cap of $1.35 billion, a P/E ratio of 15.46 and a beta of 0.67. The business has a 50-day moving average price of $10.70 and a two-hundred day moving average price of $9.15.

Insider Buying and Selling at LifeGoal Wealth Builder ETF

In other news, VP Kal Iyer sold 167,722 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 value of $2,348,108.00. Following the transaction, the vice president owned 127,514 shares of the company’s stock, valued at approximately $1,785,196. This trade represents a 56.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David Fortunato sold 765,154 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 transaction of $10,712,156.00. Following the sale, the chief executive officer owned 1,481,051 shares of the company’s stock, valued at approximately $20,734,714. This represents a 34.06% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, 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.