LifeGoal Wealth Builder ETF’s (NYSEARCA:WLTH) Quiet Period Will End on January 21st

LifeGoal Wealth Builder ETF’s (NYSEARCA:WLTH) quiet period is set to expire on Wednesday, January 21st. LifeGoal Wealth Builder ETF had issued 34,615,384 shares in its initial public offering on December 12th. The total size of the offering was $484,615,376 based on an initial share price of $14.00. During the company’s quiet period, underwriters and any insiders involved in the IPO are restricted from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analyst Ratings Changes

WLTH has been the subject of a number of research reports. Wells Fargo & Company decreased their price objective on shares of LifeGoal Wealth Builder ETF from $16.50 to $15.50 and set an “overweight” rating for the company in a report on Tuesday, January 13th. KeyCorp started coverage on shares of LifeGoal Wealth Builder ETF in a research report on Tuesday, January 6th. They set a “sector weight” rating for the company. Keefe, Bruyette & Woods initiated coverage on shares of LifeGoal Wealth Builder ETF in a report on Tuesday, January 6th. They issued an “outperform” rating and a $16.50 target price on the stock. Citizens Jmp initiated coverage on 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. Finally, JPMorgan Chase & Co. initiated coverage on LifeGoal Wealth Builder ETF in a research report on Tuesday, January 6th. They set an “overweight” rating and a $16.00 price target on the stock.

LifeGoal Wealth Builder ETF Trading Down 6.4%

Shares of LifeGoal Wealth Builder ETF stock opened at $9.50 on Friday. The company’s 50-day moving average price is $10.64 and its two-hundred day moving average price is $9.14. The stock has a market cap of $1.39 billion, a PE ratio of 15.46 and a beta of 0.67. LifeGoal Wealth Builder ETF has a 52 week low of $9.45 and a 52 week high of $14.88.

Insider Transactions at LifeGoal Wealth Builder ETF

In other LifeGoal Wealth Builder ETF news, CEO David Fortunato sold 95,416 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 $1,335,824.00. Following the transaction, the chief executive officer owned 153,503 shares in the company, valued at $2,149,042. The trade was a 38.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Kal Iyer sold 167,722 shares of the company’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 $2,348,108.00. Following the completion of the transaction, the vice president directly owned 127,514 shares in the company, valued at approximately $1,785,196. The trade was a 56.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,101,965 shares of company stock worth $15,427,510 in the last ninety days.

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.