LifeGoal Wealth Builder ETF (NYSEARCA:WLTH) Stock Price Down 5.6% – Here’s Why

LifeGoal Wealth Builder ETF (NYSEARCA:WLTH) shares were down 5.6% during mid-day trading on Friday . The company traded as low as $9.55 and last traded at $9.58. Approximately 435,983 shares were traded during trading, a decline of 79% from the average daily volume of 2,073,156 shares. The stock had previously closed at $10.15.

Wall Street Analyst Weigh In

Several research firms recently issued reports on WLTH. Royal Bank Of Canada started 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. 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. The Goldman Sachs Group began coverage on LifeGoal Wealth Builder ETF in a report on Tuesday, January 6th. They set a “neutral” rating and a $14.50 price objective for the company. KeyCorp began coverage on shares of LifeGoal Wealth Builder ETF in a report on Tuesday, January 6th. They issued a “sector weight” rating on the stock. Finally, Wells Fargo & Company dropped their target price on shares of LifeGoal Wealth Builder ETF from $16.50 to $15.50 and set an “overweight” rating for the company in a research report on Tuesday.

LifeGoal Wealth Builder ETF Price Performance

The stock has a 50-day moving average of $10.62 and a 200-day moving average of $9.12. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 15.46 and a beta of 0.67.

Insider Transactions at LifeGoal Wealth Builder ETF

In other news, Director Kenneth A. Goldman sold 5,373 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was 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 Securities & Exchange Commission, which is available at the SEC website. 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 value of $423,206.00. Following the completion of the sale, the insider owned 95,279 shares of the company’s stock, valued at $1,333,906. The trade was a 24.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 1,101,965 shares of company stock worth $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.