LifeGoal Wealth Builder ETF (NYSEARCA:WLTH) Stock Price Down 4.7% – Here’s Why

LifeGoal Wealth Builder ETF (NYSEARCA:WLTH) traded down 4.7% during mid-day trading on Monday . The stock traded as low as $8.27 and last traded at $8.30. 143,950 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 1,607,351 shares. The stock had previously closed at $8.71.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on WLTH. The Goldman Sachs Group started coverage on LifeGoal Wealth Builder ETF in a research report on Tuesday, January 6th. They issued a “neutral” rating and a $14.50 target price for the company. Citizens Jmp started coverage on LifeGoal Wealth Builder ETF in a report on Tuesday, January 6th. They issued an “outperform” rating and a $20.00 price target for the company. Wells Fargo & Company lowered 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 research report on Tuesday, January 13th. Royal Bank Of Canada began coverage on shares of LifeGoal Wealth Builder ETF in a research report on Tuesday, January 6th. They set an “outperform” rating and a $17.00 target price on the stock. Finally, Keefe, Bruyette & Woods began coverage on shares of LifeGoal Wealth Builder ETF in a research note on Tuesday, January 6th. They issued an “outperform” rating and a $16.50 target price for the company.

LifeGoal Wealth Builder ETF Stock Up 0.6%

The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 15.46 and a beta of 0.67. The stock has a 50 day moving average of $10.80 and a 200 day moving average of $9.20.

Insider Transactions at LifeGoal Wealth Builder ETF

In other news, CEO David Fortunato sold 95,416 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 $1,335,824.00. Following the completion of the sale, the chief executive officer directly owned 153,503 shares in the company, valued at approximately $2,149,042. The trade was a 38.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Kal Iyer sold 167,722 shares of the company’s stock in a transaction that occurred on 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 sale, the vice president directly owned 127,514 shares in the company, valued at approximately $1,785,196. This represents a 56.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,101,965 shares of company stock valued at $15,427,510 over the last 90 days.

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.