LifeGoal Wealth Builder ETF (NYSEARCA:WLTH) Sets New 52-Week Low – What’s Next?

LifeGoal Wealth Builder ETF (NYSEARCA:WLTH)’s share price hit a new 52-week low on Wednesday . The company traded as low as $7.88 and last traded at $7.89, with a volume of 375802 shares. The stock had previously closed at $8.20.

Wall Street Analysts Forecast Growth

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

LifeGoal Wealth Builder ETF Trading Down 3.9%

The stock’s 50-day moving average price is $10.80 and its 200-day moving average price is $9.20. The company has a market capitalization of $1.18 billion, a P/E ratio of 15.46 and a beta of 0.67.

Insider Buying and Selling

In related news, insider Lauren Lin sold 30,229 shares of the company’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $14.00, for a total transaction of $423,206.00. Following the completion of the transaction, the insider directly owned 95,279 shares in the company, valued at $1,333,906. This represents a 24.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Kal Iyer sold 167,722 shares of the stock in a transaction on 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 sale, the vice president directly owned 127,514 shares in the company, valued at $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 quarter.

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.